It's rideable
. I put some cardboard on the seat and road it in the parking lot. I found out the chain needed a few more links removed and the steering needs adjusted some. It is a nice riding position, very relaxing. The low speed balance is tricky at first.
Now I can put brake levers, shifters, and cables on. After that all it really needs is to have the material sewn on the seat and the front brake bridge put on.