I purchased a similar bike several years ago and found it to be quite enjoyable. Milwaukee is flat enough that you can get away with a single-speed flat-bar bike. And the beauty of a bike like this is that it's cheap enough that no one will think twice about stealing it! (I had a bike stolen once, locked up in front of the CC Building, but that's another story for another blog entry).
I've since upgraded to a better single-speed (a Wabi), and I ride that bike four or five times a week. It's addictive. And, it's National Bike Month.