I'd initially ruled out this one because it's not equipped for IFR and it has the fabric wings, but the price has come down again and it's so close to home that I'd be a fool not to go look, at least. Spoke to the owner and I will be meeting him up there at Greenwood Lake tomorrow to kick the tires and maybe fly it.
I was going to wait to mention it here until after that inspection, but I'm just kind of excited.

I queried my new friends/C140 gurus the Morrises and L. pointed out quite a few things she saw even in these lousy pics... none of them bad. She also pointed out that there's a lot I could legally do myself to fix it up; I will get details on that later.
The price of this bird has dropped over $5K in the last few months; he had it on eBay but gave up. I'd seen that and assumed je'd sold it... then he put it back up on the Cessna site. Got my attention.
He's recently ex-Navy, in grad school, and his wife is due with their 2nd child this summer... and he's paying $400/month for the hangar. "Motivated seller", as they say.

I feel bad for him (he loves this old thing), but I know he'll feel better passing it on to someone else who will also foolishly worship it.

Meanwhile, although it's a bit ratty cosmetically, a lot of the missing fabric inside will make it easier to check for corrosion.
What's got me thinking again about this one is the fact that for the same amount I'd spend on a 140A with some sort of crude outdated IFR panel and a nearly run-out O-200, I could get this lighter ship with a fairly fresh O-235 (!!) and a climb prop and upgrade the panel for IFR with some modern stuff... thinking of avoiding the vaccuum thing altogether with TruTrack and Blue Mountain stuff, or equivalent. It's amazing how inexpensive some of thise gizmos are now.
According to the owner, because he put in a fuel flow meter, he can work the 235 for typical 140 consumption rates in cruise, and although it would be faster with a cruise prop, with the climb prop and the extra horses it's a very worry-free high-DA/short runway/heavy load airplane. I prefer performance on that side of the scale, myself... a few knots either way in cruise don't bother me none.
And it's recently had most of the potentially-nasty "gotcha" things done; the only near-future concerns would be the brakes and maybe potential corrosion where the paint is coming off... nothing major. It already has modern harnesses, a transponder, and I think an ELT (little whip on rear fuselage). The wings should stay in one piece for some time, even if I store it outdoors (which, I'm afraid, I'd have to do- for a little while, anyway).
http://www.cessna120-140.org/forum/viewtopic.php?t=5236
Another pic (better view):
http://www.airport-data.com/aircraft/N2205N.html