However, unless I am missing it, I haven't seen much discussion regarding either tires (tyres for those across the pond) and wheels.
Two topics in one discussion thread, as they both deal with the ride quality and are a combined rotational mass ( yes my engineering studies terminology is creeping in here a bit as well

First question: Wheels.. Is aluminum a huge weight advantage over steel, or just a fancy dress-up? Huge as in, several pounds or just ounces. Also, corrosion factor, does a steel wheel or aluminum hold up better to environmental corrosives, i.e. water, mud, road-salt, etc.?
Second question: Tires... Radial or Bias and why?