conversion candidate [MELB]

Not for me, but someone might make a project out of this one:
http://cgi.ebay.com.au/Bike-Racing_W0QQitemZ250597320652QQcmdZViewItemQQptZAU_Sport_Cycling_Bikes?hash=item3a58c3a7cc

[no, it is not my auction]

If it ain’t broken, don’t fix it.

+1 this is a decent enough roadie, why turn it into an everyday beater conversion?