We've seen worse...do you remember seeing this on eBay about 9 months ago?
Here is the website put up by the guy who plans on restoring it...amazing pictures of rot.
http://www.totalpcsolutions.com/pacecar/ebayrs.htm
The car in this thread looks positively solid by comparison!
-Sam [img]/ubbthreads/images/graemlins/Charley.gif[/img]