• tiagra/sora is absolute lowest groupset you want.
    But watch out you don't end up with even lower end hubs/bottom bracket/headset; otherwise you will very quickly find they are in need of replacement (12-18month I would figure) and cheapest wheels worth having are £150 etc etc.
    Spend now so you don't have to spend later.

    You will find plenty of 'bought for christmas, not used much' kind of bikes, though strangely you pretty much only get those in the roadie market. MTB/BMX/city/hybrids all get used regardless.

    +1 for the kona, equipment aside, at least it doesn't look like a cheapy.

    Dammit has it though, its all about what the warranty will cover. Some shops offer 1-2yr free servicing inc a chain, cables, outers and brake blocks. Doesn't sound like much, but thats £50-75 of mechanic time + £30-60 (retail) of parts (and hassle taken care of) should not be sniffed at.

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