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It's not a 'bad' frame - it's just a cheap one with very little in common with its original and far more racy namesake.
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You can get second-hand CAAD10's in good condition for what the frameset costs new (£550). Check seller Feedback and collect in person if possible or ask them to post if their Feedback is excellent and they seem sound.
Howard
Chris.
@Josh
I'm thinking about buying either a caad 8 or 10 as a birthday present to myself. I know the caad10 is a lot better but you can get full caad8 builds on the bay for what you could buy a caad10 frameset for! I just want to know your opinions, is the caad8 a bad frame set??