Would you have bought this boat?

http://www.crankyape.com/default.asp...emNumber=29787

For you flippers, hobbyists, or keepers looking to get a deal, what do you think of this expired auction? I know buying a boat unseen, or even doing an inspection without a water test can be a roll of the dice. On this one even if you had to dump 10k into unforeseen problems you are still way under retail.
My buddy picked up a 2002 San for 8k that was an insurance write off. It appeared to have the plug left out and sunk the ass end in shallow water. (evidence of this on the motor but not under the dash). I thought for sure some piece of the drive train would need to be replaced or rebuilt, but he got away with it. Now I have auction fever.
What's the deal with cranky ape? Do they get the junk that the dealer auctions don't want, or can they be ok?