It's been a few days since I've had a chance to get back to the bike, so today I did a bunch of stuff. I was only planning to take off the crank, but then I realized that I didn't have a big enough wrench (isn't that always the way?). So, instead, I took off the wheels, chain, kickstand, and fenders, which I then arranged artfully and took a picture.
While I had the bike upside down, I wiped off the accumulated dirt in preparation for the really thorough cleaning I'm going to do before sanding down the bad spots on the paint. I'll head to the hardware store this weekend for a bigger wrench and finally get the crank off, and maybe the stem as well. It's starting to get interesting.
Tip: When I tried to remove the rear fender, I found that the screw holding it to the frame was rusted tight, so I sprayed a little WD-40 on it and let it sit for about ten minutes. After that, it turned quite easily. This is the only time you should use WD-40 on a bike--never lube the chain or gears with WD-40. The problem is that WD-40 is formulated to resist water (WD=Water Displacement) and stay on whatever you put it on for a really long time. The longer it sits on your chain and gears, the more gunk gets stuck to it, and the gummier everything becomes. Use a specialty bike lube from your local bike store for your chain and gearing mechanism.