I don't think you're going to find a more basic pre around (or meaningful project for that matter.) As Wayne said, this has a good reputation and takes only about an hour to build. I know we had talked about a price of around $100, but that was just a number thrown out. This is a great project to begin the group build. It's simple and already has a great website devoted to its construction. We can build our own reference section and just see how things evolve.
Not only am I excited about the build, but even if someone decides not to do the construction there is a wealth of knowledge just waiting to be shared floating around these parts. I would be thrilled to hear everyone's opinion on both circuit theory and construction techniques. Like I said before, I'm here to learn.....Colin