Not sure if it's a bolt on neck, but it'd be worth it just to upgrade the shit out of that thing. New neck and all. It'd be a nice guitar.

I'd give it a go.
-Gibson Les Paul Studio Cherry Sunburst w/ Alnico Pro II
-1960 Yamaha Orange Sticker Acoustic
-Marshall JCM2000 DSL 401
-Fender Hot Rod Deluxe
-Blackstar HT-5RH
it is a bolt-on neck
if i buy it, fixing it up would be the first thing I'd do.