one other option...
...is getting a clone and having it worked over down the line.
From all the reading I've done so far (not to mention pestering the smith I know) -- the Polytech/Norinco clones have a reciever the equal (or arguably better) of even Springfield. (Though it seems lookin' at the two, Springfield wins appearance-wise hands down, and the forged/cast/milled debate at this point remides me of the old "would you rather have a .45 or a 9mm through your left vertricle?" Fun to blather about, but no real practical diff.)
The downside is the other parts aren't exactly top of the line. Info and commentary:
http://www.smithenterprise.com/gen_info.htm#M14RIFLE PARTS COMPARISON
http://www.fultonarmory.com/M14S_Eval.htm
http://www.snipercountry.com/hottips/HighEndRifles.htm
All that said -- I'm the same boat as you TOPKICK. What money I have, well.. I don't see plunking down 1200-2000 to start. (And I'll admit, a year-long layaway's a little much for my nerves
) So I'm picking up a Poly clone I found, and HAVING IT CHECKED FOR SAFETY BY AN INDEPENDANT SMITH.
A few months down the line, I plan to send it to Smith Ent for a bolt conversion. Should come out to a little better price than Springfield's basic model (though not by much) -- and after that, who knows. Gives me more room to experiment first hand with the thing, and then have it tweaked to fit me.
Personally, I like the idea of "rifle on the installment plan." Others will wisely tell you you're paying just as much, just not all at once, so you might as well get the Springfield to start with. Your call.
-K