I decided that I'd go for it, and build a tri specific bike. I based it around the Planet X Stealth Pro Carbon frame-set.
Is it any good for commuting? - Although it took a few rides to get used to something other than a XC bike, the bike works well for commuting. I carry my work clothes, shower gear, bike repair kit and a heavy duty lock in my rucksack - and I've really enjoyed the experience.
So if like me you want a bike for Triathlons, but will use it as a daily ride - you should still consider a tri specific bike.
Are there any downsides? - these are below, but nothing that can't be dealt with:
- Brakes... compared to the hydraulic disc brakes that I'm used to, road bike brakes aren't that good. This isn't a tri-bike issue, but it feels wrong that I can be doing 40mph, and then struggle to stop when the lights change.
- Lights... I haven't yet found lights that will fit on the bike, due to the shape of the frame. However, there is a guy at work who has some very tiny lights... I don't know what they are yet, but they look like a good option.
- Finally, I haven't got over the new bike thing yet - so I'm very cautious about where I leave it. At work I have access to the secure-ish car park... I haven't risked leaving it at the pool yet!