Thanks guys. I appreciate the valuable feedback and advice.
Adam- the deck is rock solid. I walked all over it and it felt like I was walking on concrete. I also agree with you on the wiring, it didn't impress me with it's organization or layout. That will be something of attention for me.
I actually decided to put a deposit down on it. I figured that at it's price and basic condition it won't last long. The seller seems to be a very straight forward guy and he described the boat exactly as I found it. As almost everything seems to be in workable condition, I don't think that whatever could or is wrong with the boat could offset the general price too much.
I figure that even if the Atomic 4 is having serious issues the costs involved in rebuilding/replacing those motors is pretty low and maintenance on it is very simple.
I should be taking delivery sometime this weekend!