Shortly after posting it I heard from its new owner. He's an Alfa fan and had great plans for the car.
The other day he posted a link to his progress in the comments section of the original post. This car may very soon be the nicest, coolest Alfetta GT in North America.
You can follow the progress on the Alfa Bulletin Board. The thread is 14 pages long. It includes some pictures and videos, including this one of the Alfetta being dyno'd. (There's really no reason to watch the video, all you need to do is listen. There is nothing much better to the ears than the sound of an Alfa engine at full throttle!)
If you receive JaCG via email you'll need to click here to see the video.