Damn fine car, just like 5.0 except it gets better gas mileage.
I just bought one, an 89 2.3 auto. I bought the $500 one, lost out on the $1000 one that had a 5 speed, and working air, etc.
If every thing works, buy it as cheap as you can. I now have about $1100 in mine, but I have working overdrive, ac etc. Still needs tires, alignment, etc.