Yep, it's the good old Telly-40. Still frighteningly big for someone who only flew foamies before.
I will get back to building later this week or maybe next week when I have time off from work. I might be able to finish the wood working side of the build this year.
I will have to stretch the build over many pay cheques, so maiden will be at some indefinite time later. So far everything was quite cheap. But good servos, motors, RSC and a few batteries will cost me dearly. I also need to upgrade my transmitter... (Turnigy 9x with ersky9x.net mainboard and Spektrum hack)
I will not be able to re-use any of my small foamie parts.
As for IC or Electric. I never flew IC but they certainly sound better.
But I will be storing the plane in-doors in my office. So oil and petrol smells are out of question. I'm glad I have the option to go electric.