Tom,
If you can get it for cheap, I'd get one, assuming you enjoy doing your own tech work.
I picked up a 4000 series I and went through it- Re-cap (all were out of spec- esp the small vaalues), cleaning, re-flowed the solder joints (even though all of mine looked fine.) It's a bit noisy, esp. the correlator (which you can turn off.) The correlator is still nice with certain noisy sources. I find the Peak Unlimiter/ Downward Expander to be a nice touch. After I get my 700B up to snuff, I'll probably look into some mods/ upgrades to the 4000.
I have no clue whether the "II" has these features or how they compare.
I also have a 3000 Series II, and overall, it's probably the better pre, but I still like the 4000 better, and I think it's due to the PU/DE, but I may be just another audiofool in love with his pet pre. It seems more alive.
In the end, who cares? I like it. I think most of us here have passed the point of saying, "it's got to have the best sonic performance or it's out." This stuff is vintage, and cool on its own, though it needs to be at least passable. Time and technology marches forward, and it's silly to think this stuff represents the peak of perfection. Enjoy it for what it is. Who really wants perfection anyway? What would we do then, find a new hobby?
Zach