Paint was old, faded, peeling (down to the carbon in a few spots) and the drive side seat stay was cracked. For my birthday (back in January), my girlfriend surprised me and got all my friends to donate money to get the bike repainted. Ended up costing a couple of bucks, but between the paint and repair, was still cheaper than a new aluminum road bike.
But most importantly, it's a VS relevant post - that's my old car's color, Volvo Aqua Blue Metallic (paint code 431).