Quoted: Sounds like body is pretty beat up. The motor is a 4 cylinder.
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Have you actually seen it? the biggest problem with old Jeeps is rust. If the body and frame are pretty solid, even if beat up, it's probably a great deal. If it's got a terminal case of cancerous rust it may be more trouble than it's worth. That being said, if I had a couple year old computer system that I wasn't using or could stand replacing with a new one anyhow I'd probably be all over that deal. Your old system is practically worthless and the Willy's should likely bring at least some fun after the minimal effort a brake job requires.
The little 4 cylinders that came in the old Jeeps are pretty anemic but reliable and with the really low axle gearing they can do pretty well offroad. Just don't expect to cruise down the Interstate at 70mph.
Another problem with old Jeeps is that they are infectious and addictive. Seems once you take a liking to them you just can't seem to get them out of your system.
Good luck with your decision. Sounds like it wouldn't be a difficult one for most of us.