Just getting back into riding so I only have two projects:
1 - ~1985 Cilo. I've owned it since 88, it's been unridden in the garage for too long. I had it repainted in ~92 after an Ultegra RD failure took out the dropout. It was really dirty and had some surface rust on the fork, but fortunately I had built it pretty well and everything was well-preserved. So far I've disassembled, washed/ waxed the frame & fork, put on a set of Cyclomundo decals, got new Vittorias and new cables, and done some cleaning/polishing of components. I'm trying to find the original Shimano 600 crank, shift levers, hub and RD.
2 - 24" 3 speed Raleigh Space Rider. This was my first road bike when I was 10 or so, and my 10y/o son discovered it in my parents' attic last weekend. The paint is pretty trashed with tons of scratches, but looks like nothing more than surface rust. My son wants to repaint and restore it and can't wait to ride it. Pictures forthcoming in a separate thread...