That's a nice looking car. I have a friend with a SOHC 4.6 sitting in his shop, but it's out of a van. I might be interested, but $500 is a bit high for me, for a dead car. Even with a motor, I'm looking at a few hundred in fluids and gaskets, not to mention a ****load of time, to resurrect it. Between oil, ATF, coolant, gaskets and misc. minor parts I think it cost me close to $300 to swap the engine in my mark 8, not counting the engine.
How nice is it, other than the blown up engine? How old are those pics? How clean is it underneath?
If you're thinking of letting it go to a junkyard let me know and maybe we can work something out. I could really only give you a couple hundred for it, though.