Wow, I'd say @
SirMike1983 is spot on except for one thing. Ride it if you like it. I agree that it looks rough. Yea, the fork is bent, But not too much. It could be bent back carefully and gently. The grips are't original but they are Schwinn grips and comfortable ones at that. Wald has handlebars that would be more appropriate or find a coop or a Schwinn Breeze or something similar for not much money. You may even score decent fenders from a Breeze or similar Schwinn 26" wheel bike.
Then the spokes. I'd ride it until I decided for sure that I like the bike enough to build a new wheel for it. Then I would be tempted to go with more common 590 rims. Actually, your rims might clean up nicely.
That's my two cents. I can see this riding again. It won't be worth it money or time wise. I like resurrecting old bikes.