That is a very slick little rig. I had one for years (and also the 6m version which I think was the IC-502 if I recall). HOWEVER....they are small, battery-operated rigs, kind of like a VFO-controlled 2m SSB/CW handie-talkie. Only about 3W PEP output power, and not frequency synthesized. Dial accuracy is not very good, and they do drift a little bit. Also, because they're now so old it might be difficult to find one in really good condition that is still fully functional. You can use it with an outboard 12Vdc power supply, but its real claim to fame was being "portable" with internal batteries and an extendable whip antenna. For backpacking/hilltopping/camping it's a very fun rig; but for a home station I think you'd be pretty disappointed.