i also plan on using my garmin in the escort as a speedo lap timer
but your much closer to that than me
 

Ive been riding/racing since i was in Grade 6 at PS, and stuck at it in a school based program throughout SC. 3 years out of SC I'm still riding and racing, but i don't ride a full carbon, $5K + bike, i ride a alloy frame, carbon forks, seat post and head stem, with 9 spd dura ace. 
SO i wouldn't be worried about the age, or the type of frame of the bike, but give it a good service and see how u go. My first road bike was an old Gazelle, Itallian hand built frame from the late 70's, sold it for $200 a few years ago, and have now found out the thing is worth a mint :( but i used to train with my team mates who were riding full carbon bikes no worries. 
 
another good way to get back into it :) is on MTB. i just bought a brand new dual suspension XC MTB, and have been training more on that then the roadie. I find it less boring riding singles tracks, and being on the ball doing 35+km/h knowing that if i F up I'm off in no time, rather than sitting on a road bike just going straight all the time. 
 
either way, good to hear your getting back into. cycling is an ever growing sport. 

sundowner

geez 800 for $280 thats what i paid for my 500. u can upload those rides to an endomondo account.
heart rate is a good one, im not a fan of cadence. 
get the shoes at the shop under the proviso they check your seat height and cleat position. cleats that are loose or in a wrong postion can cause issues, 
How tall are you phil and what size bike is it?

 
Hi Glenn,
 
Yeah, was pretty lucky with the 800. I've got it at work ready to fit up. Cam with a chest strap heart rate monitor instead of a wrist one but apparently the chest ones are better. I bought some new gear last night on Feebay so will be ready to go pretty soon. Im looking at helmets at the moment...any idea's? Giro's seem to look pretty good... and Im off to the bike shop tomorrow if all goes to plan. The pick up the bike tomorrow night and see what it needs to get out there again.
 
I think I am around 6'3" but havent measured for years....which tube length is the size of the frame taken from?
 
Cheers,
 
Phil.

Hi Glenn,

Yeah, was pretty lucky with the 800. I've got it at work ready to fit up. Cam with a chest strap heart rate monitor instead of a wrist one but apparently the chest ones are better. I bought some new gear last night on Feebay so will be ready to go pretty soon. Im looking at helmets at the moment...any idea's? Giro's seem to look pretty good... and Im off to the bike shop tomorrow if all goes to plan. The pick up the bike tomorrow night and see what it needs to get out there again.

I think I am around 6'3" but havent measured for years....which tube length is the size of the frame taken from

Cheers,

Phil.

 
Phil,  yeah chest strap is heaps better, 
Giro helmets are great, best bet is too try em on cause it can be the best helmet ever but if it doesn't fit it isn't safe.
So go too your local shop try some on and work out which is the best one and grab it,  funny how many non aussie standard and fake helmets are listed on ebay.
Best thing you an do is find a good knowledgeable shop buy a few items from them. make yourself known and discounts and loads of free advise will come. smaller shops are better for this.
at a guess i would put you on around a 60cm frame, the measurement can be taken from the centre of the seat tube ( where the seatpost goes in) too the centre of the headtube (where the headstem goes in) 
 
see how you go from there
 
Glenn

What is the word on seats? Any recomendations?

Looks like I will need new brake lever hoods and bar tape wouldnt go astray... can you still get boots for old Shimano gear? Its 500ex series.

Epic pump!
 
Floor pump with gauge FTW