Well my Catalyst arrived. I have taken it for a quick spin, about 10 miles or so, and I really like it.
The hub isn't noisy- there is a whirring noise/feel in the lower 7 but that's fine. I live in Gower where ther are loads of short sharp hills between flat roads so most of the time I'm in the higher 7. The bike looks fantastic- it's red, and the stem spacer thing everyone goes on about is a non issue.
I probably could have ordered a Raven Tour but the Catalyst will do most things even if it is set up as a road bike right now. I believe Thorn are about to discontinue this bike and I have one of the last few large frames.