I'm really excited. I'm keeping everything. The decals, the seat (it's awesome, I still remember it hurting my butt until I got used to it), everything. I even have the long pump that attaches to that lower bar - and it still works too.
The only thing I plan to change are the cables, and then anything that might cause a safety issue. I think the gears look great, but won't know until I take them apart and give them a good clean. The chain will have to be replaced. I know my bike shop buds will want to move the gear shifting to the handle bars, but I'm not sure if I want to change that. It's been forever since I've used it.
I'm excited that it's in such great shape - much better than I thought it would be.