Oooooooh, if that's running you will LOVE the free-motion quilting! :) My Kenmores are my favorite quilting machines until you get to full bed size - after that, I need the bigger throat on my Singer 15.
These Kenmores from the late 60's/early 70's are GREAT machines and I hope it will take just a little bit of nuthin' to get it running again. :)