Yeah, I was being impatient with this. I wanted to build a new bike, and this looked like a really good deal that would help me sidestep a lot of issues that can come up dealing with vintage frames. But alas, it was a little too good to be true.
I think I probably will send it back. I'll try and get a couple pictures of it tomorrow for everyone before I box it up, because I know a few people were interested. As far as I'm concerned, though, I would much rather pay to not have to deal with this bike.
As far as how ugly the welding is... stay tuned, and I will let the photos speak for themselves tomorrow.