I'm going to give it a good scrub when I get home. All new fluids when time permits, give the engine a bath too (looks like a leaky valve cover gasket).
Short term: I'll probably leave it stock, buy a new top (needs one), repair/replace stuff as necessary.
Long term: I'll see how I like the 2.5L, maybe plan on a V-8 swap in the future. Then I'll probably give it a minor lift, just enough for larger tires and upgrade the tranny and rear-end.
For now, I'll just drive the pants off it and see how it does.