Alright guys, a little update!
The family (wife and junior) took a little break up in the mtns for a prayer retreat w/ the foundation my work is a part of. Although, retreat seems to be a deceptive word when your talking about a 9 week old

Still we had a good time and its good to be back.
I started on the Atlas cabinet 'beautification'. What is that phrase? Something has to get worse before it gets better? Or in this case 'something has to get uglier before it gets prettier'...
However, progress is being made. As you can see, I am giving the cabinet saw a 'foot soak'. Who says I don't pamper my tools?
Also, got the guts mostly apart. Things came apart relatively easy, and no manual required! (no manual available, actually). There are two sticky points. There is a threaded sleeve that is holding on all the junk on the table raising rod. Also, there is a threaded spanner nut that is keeping the arbor and bearings all together. Both are getting a good soak in WD40/PB Blaster as I do NOT want to stripe these particular parts.
Here is the sleeve:
And here is the spanner nut holding in the arbor bearings:
I gave it a slight tug with the spanner wrench and it didn't move. I'm not willing to risk stripping it so it will soak for at least a few days, which should give the cabinet time to de-rust.
Here is everything else apart:
All in all, it is coming together (technically, it would be coming apart, hee hee)! I'm happy because the trunions show very, very little wear. The two (it looks like two) bearings for the arbor look pretty normal and should have some type of replacement that shouldn't cost too much.
If you like the look of how things are going...this saw is probably going to be for sale at some point
I'm thinking of going with a dark metallic gunmetal hammered paint color for the cabinet, then gloss black accents (handwheel centers, trim pieces). I think it will look really really nice.