Pity it isn't something more interesting, but that's not entirely bad news for me - I've fallen in love with the cabinet and figure I'm going to turn it into a steampunk-style media player for the living room.
What do you mean by "steampunk it"? I say fix it up rather than making it look silly. I think that dial is pretty rad.
I think you have the ultimate say in what is "interesting" and what isn't. Just because it isn't rare or valuable doesn't mean it isn't cool!
Oh, I'd be wanting to keep the awesome retro look of the cabinet and probably it's dials, panel etc. By 'steampunk', I was referring to the anachronistic fusion of modern day technology with antique appearance. Ideally I'd be looking to fit a small pop-up TFT monitor and keyboard (perhaps typewriter-style keys?) re-housed in wooden frames in the left side of the cabinet. Out of sight I'd fit components for a media PC and whatnot.
I lack the knowledge to be able to repair the actual radio, so there would be the option of replacing the original receiver with modern bits (keeping the knobs of course) and installing a couple of newer speakers behind the grille, making it a stand-alone media player, or using it to replace my existing media player/hifi stand to sit components on.
Obviously I don't want to commit sacrilege when it comes to a lovely old bit of kit like this, but I suspect at this point that restoration may cost more time and money than I'm willing to commit.