Crumb, I wouldn't bother respraying it. Maybe just cover the decals with stickers. Then if you fancy it buy yourself a nice frame and use the parts you have replaced on your create on the new frame if they are good enough. You can then build up your create frame cheaply and use it as your 'don't mind chaining up and leaving somewhere for a while' bike.
Crumb, I wouldn't bother respraying it. Maybe just cover the decals with stickers. Then if you fancy it buy yourself a nice frame and use the parts you have replaced on your create on the new frame if they are good enough. You can then build up your create frame cheaply and use it as your 'don't mind chaining up and leaving somewhere for a while' bike.