Absolutely rad. Surface rust throughout. Headset feels buttery smooth, tange bottom bracket (it's quite long, 130mm or something) needs an overhaul. Worst of the wear is on the inside left chainstay, pictured. None of the rust is soft, and I shined a flashlight down the head tube and seat tube and only noticed minor surface rust. Thus, this baby is ready to party (with a nice coating of w-9)! There may be further tricks to use to remove the surface rust without damaging the paint. I heard or rubbing wet crumbled aluminum. Or witchcraft. Frame appears straight. No major dings or dongs. Specialized wheelset available for another 80, although it may increase our shipping costs cuz I'll need a bigger box. PARTY ON! -uncle yansky