That's a mid range bike, but VERY cool. Definitely worth fixing up. More/better photos would be helpful, but it looks like it's around a 54 cm bike? Are you in the range of 5'7" - 5'8"? If not, the bike might be too small for you.
This chart might help.
http://www.ebicycles.com/custom/cont...road-bikes.pdf
Also, is that a dent in the top tube? Dents in the top tube aren't necessarily deadly, but you might need to have the alignment checked.
Good luck!