Last week I stopped by a LBS that often has nice old bikes, and this little Nishiki called to me. I did a little research here and discovered it was one of the very good ones, so I went back two days latter. After a brisk, quick negotiation, I handed over the exact amount in my pockets and left with the bike.
I'm always too eager to pitch into a project to remember to take 'before' pictures, so you're spared the too-short stem and nasty yellow bar tape and cable housing.
The shifters are what turned the trick for me. I've always been interested in them and wanted a set to play with. One of my first posts here was a question about them, answered by Sheldon himself!
Official post-shakedown ride portrait: