I took my new Catrike 700 out for a maiden voyage. Rolled out of my garage and started down the hill. I got it up to 43 mph. After a quarter of a mile I had to slow down at the intersection. Immediately the braking noise from my right brake was deafening and the smell of a brake burning filled the air. Needless to say my maiden voyage in my new 700 lasted all of a quarter mile.
Replaced the pads and inspected the rotor. I'm not 100% sure about the rotor.
(7/6/10 update - Had to replace rotor because it was to deeply etched and it was still causing some problems. Working fine now.)