The tree is going to be here much more quickly than I planned, so I decided to go ahead and bust down the front to see what was up. All said, it doesn't seem horrible to me. The grease was old enough that it feels tacky (actually, I think it might be Lucas red n tacky grease), but there was plenty of it. The bearings themselves look good. The races have bright spots but no pitting or groves perceptible to the touch. I think I'll grease it up, put it all together, and ride out the rest of the season. Over the winter when I need a project, if nothing else is looming I'll replace bearings and races. Sound reasonable?