Thanks for the welcomes guys
Ended up getting it for my grandpa after all -- he loves it! Needs some TLC but the car is an awesome cruiser otherwise.
Some thoughts:
1)Holy crap that engine is smooth, can't even tell the car is on from inside the cabin (noise blocking seems good as well)
2) Holy crap that suspension is soft -- I'm used to my Saab with KYBs and my father's Acura TL-S -- so that was a change, but I think my grandfather loved that its comfortable like that, so perfect.
3)Holy crap -- you wouldn't think it, but that's a pretty torquey engine.
As you can see, I was quite surprised by it. Reason being, generally I have not been a big fan of toyotas (I despise my girlfriend's 98 Rav4), but this might just be the one that changed my mind!