The guy that I bought it from, had a big steel block bored at a machine shop where a 1/2 and 1/4 rod slides into the collet to square it up....so setting it up is pretty easy......the sliding dovetail which the table rides on could use a cleaning and lubrication....as could the rails that the router ride on.
I'm not sure what i'll use it for......but theres gotta be some good use for it.