I've watched that one come and go a few times too. Only thing I think it has going for it may be a "solid" drivetrain but who is buying that to use what is there? Base model Malibu, 14" wheels/tires are rollers, paint is gone, interior is dried out, emissions equip stripped, ac parts stripped, no doubt a 2.29 open rear, not much there to start with over a solid shell in my opinion.
I think the ability to find a great, clean car, in stock condition that just needs cleaned up is done with G-bodies unless garage finds and grandma cars keep popping up, otherwise we are starting to see that most have been used for dirt tracking or cash for clunkers and prices rise as others figure this out.