Wiz,
I suspect that was a hub on a BMX racing bike. Ride about thirty race laps and put a flat spot in the rim, re-lace with a new rim. Then repeat the process four or five times and that is what the spoke holes will look like. It is likely a useable hub, but I wouldn't be racing on it. For a beater bike it will work fine and that is my advice to Ryoanji.
That Campy hub has been laying around for a few years. I just threw a tippo hub out two weeks ago that suffered the same fate. A stiff build, and some rough riding and all the hubs can fail like that. Smiles, MH