JustAbitCrazy,
The cabinet can be repaired. It just takes time, effort, ambition, glue, clamps, stain, shellac, and Briwax.
Here's a thread with some pics of the one I redid just last month:
http://www.quiltingboard.com/vintage...e-t204377.html
As for the machine, pinkCastleDH is correct about Sew-Classic having the bobbins, thread spool pin, and belts.
The shuttle bobbins do carry a lot of thread, but not near as much as say a Class 15 or 66. And the biggest complaint I've heard is they are noisy. I guess I'm an anachronism because I find the mechanical noise far more pleasing to my ears than the plastic type sounds of the newer machines.
Joe