That's in really nice condition. I think Fuji put together a really nice package at a good price for its time.
You might consider re-packing all of the bearings with grease and replacing the cables and housings as well, at least for the brakes for the purpose of safety. I'd probably insist on white housings, though.
I wouldn't ride any further from home than you're willing to walk with those old tires.
Cane Creek also makes some hoods that fit those levers, and they come at least in brown and black.