Man, it's been too cold to do much. I finally got out today and took off more than just the wheels and brakes. I used the cold to my advantage, a little, the axle nuts were stuck, so with a propane torch I was able to heat up the socket and impact it off relatively quick.
I have been thinking MAJOR about either obtaining an older Z car or an RX7 and transplanting the motor, but I'm not really sure if I want to take on all that work, at the moment. I guess the results are going to strictly depend on how the internals of the transmission look, as well as some compression testing on the engine.
I managed to get the axle off on the driver's side. It's nothing but grease down there, the CV boot is split in half, there is a small ring that used to be part of the tranny, and then another washer/ring that came out as well. I'll get the other side out, then it'll be time to drop the tranny. I'll be bracing my wallet. The the very, very least, I need 2 new axles, a new gearbox housing, and a new ball joint (unrelated). That's about $700 right there.
here are some pix.