Kept the brakes & mismatched levers (levers are going to be swapped out with some Origin8 Retro that look awesome)
Added new cables & housing & clips
Added a regular road bike quill stem
Added a Soma Sparrow bar (flipped, but this will be turned back upright soon), 520 width
Added Electra rubber grips
NOS SA shifter
Added Electra Bullet headlight
Added Velo Orange clamp on bottle cage mounts and cage
Kept the hubs, but rebuilt the wheels with Sun CR-18's in 650B and put on Panaracer Col de la Vie Randonee 650B tires
Original crank & BB- didn't need to touch it, it was spinning very smoothly when I got it (odd, since the bike was a disaster when I got it!)
Added MKS quill pedals & toe clips/straps (going back to the original rubber block pedals when I flip the bar back upright)
Added Brooks Team Pro Copper (but that is now on my Miyata. Not sure what saddle is going to end up on it, at this point)
Would have LOVED to have been able to keep the chain guard, but it was really bent up pretty bad.
Added Topeak Explorer rack

This was a Craig's List rescue for $5! Borderline basket case was saved!
Originally:
Right side seat stay had broken away from the seat lug
Broken mattress saddle
Wheels were completely shot
Had "ape hanger" Stingray-style handlebar
Shimano 3 speed shifter (not working, of course)
Right side crank arm cotter was worn, and the crank arm had a few inches of play
Chain was so rusty, in several places, 3 or more links were 'fused' together
All (and I mean ALL) cables were toast
Brake pads were as hard as rocks
Wheels were shot, spokes rusty