I checked all three LBS and priced various models and compared their components. The closest I could come around here was $389.99 plus tax for a simular bike. To me the fact that it's old only means that it's depreciated almost as much as it's going to and if the fellow has actually had it in the shop for adjustements and tuning every 3 months as he claims I shouldn't have any troubles compared to a new bike. Additionally I like the shifters on this mamba much better than the grip shifters on the models I was looking at in the 'just under 400' price range. I did know that Trek now owns Gary Fisher but I still favor the Gary Fisher brand. Anyway... I'll post more after I take it for a test drive. I don't expect to be disappointed (wearing rose colored glasses)
Thanks for the feedback,
Keith