Well, the boat purchase just cleared another hurdle. Made the test sail in it today (alas, light winds), and had it inspected. No major issues in the inspection, just some "safety issues." (Which sounds much worse than it is; flares are expired, fire extinguisher needs to be inspected, and needs to have an anchor on board, all of which are relatively cheap.) There is one small area which could use some minor epoxy work, but nothing I can't do myself.
Took some pics of the boat, if anyone is interested:
http://pics.chameleon.net/main.php/v/J80/ Note that the pics before 1248 were before we power-washed the bottom. The rudder, in particular, was an interesting mass of marine life.