Well, turns out it wasn't in good condition, and the bandsaw was really the early model jigsaw that was plagued with problems. I decided I'd try to talk him down to $75, but he had decided he wanted $150. But I agreed to give him $100 and no more just to rescue the machine.
And I think I've posted this story somewhere else here, so forgive me if I'm being redundant!
I've been working on it every chance I got (and described some rust removing and way tube cleaning in this thread) and put the finishing touches on the main unit today. I still have a few things to do - I need to get the saw splitter/guard holder. And I only started taking apart the jigsaw today. And that bench needs some serious work. I didn't polish the aluminum and chrome pieces as much as I could have because that would have been very time consuming and would have required buying more tools and supplies and my wife has already complained about spending too much money on this project. It wouldn't have stayed pretty and shiny very long anyway.
Here are some before and after pictures.
AS RECEIVED
Loaded up in the truck

Link to Hi-Res
Unused and abused

Link to Hi-Res
Sad state of affairs

Link to Hi-Res



