This looks like an amazing deal to me, I think he got it for free so no loss to him selling it cheap. I don't think we need more lathe's at the moment at the HF, but seems like a steal if you want one at home.
South Bend Lathe, can't make out the model, but they didn't make junk.
http://minneapolis.craigslist.org/ank/t ... 85898.html