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Funny how nobody has asked how you plan to use your bike. If you are doing easy, flat trails on a bike path then you do not need anything fancy. If you are more serious about it or will be doing a lot of hills then you definately want something lite. Most of the price difference in brand name MTB's will be the components. I may be a little out of date on these but price wise Shimano XTR>XT>LX>STX>Alivio. XTR is probably overkill. I would go for at least LX if serious or racing, STX or Alivio if quality recreational.
The fork is also important. Rock Shox, Manitou (Answer), Marzocchi are all good and have different price levels.
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