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Whoa, looks like someone raised the titanic. I've never seen rust so extreme on a 350Z before, this car had a rough life.
Yeah, not worth repairing, you would need a donor for the donor. Even as a parts car I would be concerned, since removing parts with rusted bolts/fasteners might mean also damaging said parts.
But not all is lost if the interior, body, and engine/trans are mint, you could come out ahead if you parted it out.
Cheers!
-Icer