I live in NYC and am interested in having a folding bike to bring on the trains, and I see these bikes around on Craiglist a decent amount for $150 or so (the NYC used bike market is rather expensive, because bikes are in high demand with the new bike lane network). I also have a Bianchi Milano with an Alfine hub that I'm not terribly fond of the ride on that I might use as a parts source.

A few questions:
-How are the rack/fender eyelets?
-Are the dropouts horizontal? Are they deep enough to tension the chain on an internal hub?
-Is the Marlboro frame the same nice Chro-moly frame as the non-Marlboro frame?
-Would one of these bikes be worth buying for $150 as a donor?
-How does the bike ride on MTB trails?
-Has anyone every flown with this bike?

I think I'd build this bike as a combo mountain/light touring/winter bike, with the Alfine and other parts from the Milano, then loot what parts I can to convert the Milano to a singlespeed to sell it.