With a nod to Bike Snob for finding the photo, I have to say this could be the Holy Grail of bad bike set-ups (yes, I confess to being a fan of bad bike set-ups).
It looks to me like this nice Bianchi has had the stem raised all the way up (the sheer nakedness of this disturbs me). Plus, it looks like the stem has been turned around to aim at the rider (more comfortable due to shorter reach, no doubt). What's more, the drop bars flipped up to the classic DUI bar position (not flopped and chopped, which would at least score some points for cool). BUT we are not done yet - We've also got aero bars, too.
Now that's a combination that is going to be hard to beat; this might be the Holy Grail of bad set-ups.
Despite mocking the road bike/cruiser thing going on here, I have to say that the guy riding the bike seems to be really happy. Hmmm. Maybe I shouldn't knock it 'til I've tried it....