What am I looking at?
This is something built from mismatched parts. The frame looks like it's from the 90s with cable stops for cantilever brakes, threaded headset and quick release seatpost. Lugged construction hints that it was a high end one, but identifying the brand is going to be difficult. The drivetrain on the other hand is newer (probably late 00s) and second highest tier from Shimano.

And yes, the sticker really is misspelled.