Goshdarnit that looks alot like what's sitting in my garage.
Since it's been sitting a while, make sure you grease the wheel bearings when you have the wheels off to put on the tires.
Take a look at this article on the Cycle Canada forum. It addresses a bunch of issues for a bike that has been garaged for a while.
www.cyclecanadamagazine.net/ForumArticle...d/96/Just-Grand.aspx
Last but not least, I was going through tach and speed cables pretty quickly until I got into the habit of pulling them completely apart to lube them about twice a year.
Save that exhaust. It will probably sound better than my crappy Mac.