Thought my rear wheel sounded a bit graunchy a few months ago but thought as it didn't have any play or didn't seem to have any issues with spinning freely I'd not look at it and go with the "if it ain't broke don't fix it" attitude. Anyway after going for a blast on it whilst my fixed speed bike was having its wheel trued I thought something didn't feel right. It was like cycling through mud, I assumed it was just the extra drag from the drive train having derailiers etc... Curiosity got the better of me tonight and I was greeted by a nice rusty coloured greasy mess upon removal of the drive side of the axle
as its been like it for a while it has pitted both the bearing race in the hub and the axle. So with that in mind do I get the hub replaced which I imagine is expensive due to the labour involved or take it as an opportunity to upgrade to a better wheelset? It's currently got some 700c disc braked alexrims ace17s, not got a clue if they are any good or not but can't say I ever felt they hampered my performance. I'm not that clued up on what makes a good wheel or what I need to be looking for as a replacement should getting the hub replaced prove uneconomic. Any help would be appreciated 

