First, as time goes on, you care a lot more about safety. Newbies may write about how they can meditate or listen to music while riding, but experienced riders know they must always stay alert. You shouldn't be meditating, you should be focused on potential dangers.
Second, the weight loss? Not as big a deal as time goes on. Don't ask me the medical reason why, maybe it's the same phenomenon as when people who haven't worked out for years start a program and quickly lose 10 pounds of water weight but then find the rest is harder to lose. Commuting usually doesn't involve the intense aerobic activity associated with road racing.
The 300 dollar bike you are satisfied with? I didn't stay satisfied after a few months. After trying many options (too many) I took Sheldon Brown's advice and ride a touring bike, with disc brakes, fenders, rack, and panniers.