Dutch bike is It

This new It object is the glossy black Dutch bicycle, its design unchanged since World War II. Increasingly imported to the United States and starting to be seen on the streets of New York (and in the windows of at least one clothing store), it appears to have everything a good craze needs. That includes a hefty price tag — usually between $1,000 and $2,000 — and a charming back story about how the bikes have been an indispensable part of the picturesque Dutch cityscape for decades....

The civilized pedigree of the Dutch bike is matched by its old-fashioned design: it comes with fenders, chain guard, generator and rack — standard, as they say in Detroit....

[From Dress Codes - How to Look Like a Grown-Up While Biking to Work - NYTimes.com]