Agreed. When a bike is parted out like this one has been, that means somebody somewhere has probably tried to fix it and given up, for good reason. You could potentially spend more just getting it going than it would cost to buy a bike that's already running. I see them go all the time for between $750 - $1500.
I don't see much in spokane (if that's where you're at) but if you've got a pickup truck, or know somebody with one, try as far out as you're comfortable driving.
http://geo.craigslist.org/iso/us/waEven though it's on the other side of the state,
there appear to be a ton in Seattle.