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http://sheldonbrown.com/tire-sizing.html
Yep. I'd just posted a warning in your current project post, looks like I may be to late. :(
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I do just have the clearance to run 26's, will probably go 700c when funds for a decent wheelset become available. As a stopgap I've bought some (very) cheap 26 x 1 1/4 tyres which i can run for the time being. So hopefully 18t on the back will work out okay.
Re. Brakes, probably just a front for the time being, I've dug some nice retro looking side pulls out of the parts box, along with some levers, shall post pics at some point.
If you're running 26" mtb wheels check the tyre sizes first, that sounds like the old style 26" tyres.
Forks meant to be nicer on the On-one. Never hear as much about Charge in the mtb world apart from the saddle.
For similar specs at a much lower price, although not stee,l have a look at this
http://www.decathlon.co.uk/81-2011-id_8168695.html
Always seems to get good reviews, you just have to get past the name.