It is sad that someone would lose interest in a nice bike like that and abandon it, but the bike itself doesn't look bad... it's more dirty than anything else. A good cleaning and I think she'd look fine, new tires, fluids, belts, the usual stuff and she'd be ready to hit the road in the spring. I wouldn't buy it with no title, but somebody will.
Drives me crazy when I see motorcycles with rusty sagging chains... you gotta' really not give a sh*t to let your bike get like that.