Thanks for the feedback guys. Just to update...
I did go with the Okuma for a couple of reasons:
1- I took the fly fishing class and already shelled out for a really nice 5wt outfit. between that, the course fee, flies, etc there just wasn't enough in the budget for a second expensive reel.
2- This rod will be for the occasional bass and steelhead trip, and the 5wt I picked up will be my 'go to" rod for now. I also snagged a new Integrity for $39 shipped on Ebay, which is about half retail.
Right now I'm really having a great time just perfecting my cast and enjoying my time on the water. I think I'm going to bring the bass rig with me to the Delta Ponds group trip on Saturday.
If I actually get into fly fishing enough to wear out the reel, I can look into a higher end setup with some experience under my belt. I think it may happen too! I'm already getting so into the fly thing that I'm thinking about switching over to it almost exclusively. There's something about heading out to the river with only a few ounces of gear that completely rocks