Cool! I remember when this was posted. I love the blue/cream color scheme and that is my favorite Peugeot font. Great pinstriping too. Is the fork lock functional? Had that been anywhere near my size I'd have been all over it. I'm really itching for a 650B project.
I guess the seat stay braze-on is for a bottle dynamo. How about the one on the seat tube? Front derailleur?
Those Mafacs will polish up really nice.
The tubes are helium filled, right? So it floats along?