Nice find (for a front yard ornament).
The rust will be a bear to try and deal with (if you bother with it), but it's a decent driver regardless. If you haven't already done it, I'd recommend dumping everything out of the gas tank and letting it completely drain before refilling with good gas and some injector cleaner. 7 years of sitting plays hell with gas, and your injectors will probably reward you with better performance once they're cleaned up a little.
Let us know how it all works out once you've driven it for a while.