Rob,
It looks beautiful! We moved into our new house last April after building for one year. I wish that all the money went into it during that year, but it keeps going and going and going...
Your idea of build the basic structure well and skip on cosmetics is what we did also (to some degree).
A couple upgrade ideas while you are building (you probably already thought of these). Since you are in the colder north install the plastic tubing in the basement floor for radiant heat, we did the install ourselves and the tubing only cost $900. We later splurged and had someone install the boiler. You might also want to consider putting the radiant heat in the garage, its wonderful to have the garage at 55 degrees and have the snow and ice melt off (make sure that the ice and snow have a place to go /w3tcompact/icons/smile.gif). Radiant heat makes all the difference for how a basement "feels".
What type of insulation are you getting? I had planned on fiberglass but was talked into the "stabalized cellulose". Its great! It does cost more than fiberglass but the R-Value is incredible and the difference it has made in my windy area is very nice. The cost to heat my new house (4300 sq ft) is the same as my old house (2000 sq ft - fiberglass insulation). The "old house" had new doors and windows with similiar r-values to the "new house" so I know the heat was not escaping there. The ROI on the "stabalized cellulose" is probably around 3 years for us.
Have fun working on your house and keep us updated with pics as you go along.
DaveV