Nice Johnny....
KEEP IT!!!! Fix'er up. Gain a little experience on the easier stuff, take it to Jay for the harder stuff. My $0.02....
^ This is what I've decided to do. Especially after going to the car show last weekend to see how expensive and uninteresting everything is. Im really looking forward to learning how to do a lot of the smaller jobs myself.... Spending some quality time with the jeep. I PM'd Jay to see what he would suggest for an inspection at his shop. It will be nice to have some direction of where to go, and what I'll have to save for (Suspension is definitely top of the list).
It's pretty hard not to get too excited about it, especially after browsing the Build-ups section. Waytec's 95 XJ "Grumpy" (before) looks exactly like my 96 XJ.
Thanks for all the replies, Im sure I will have many more questions to follow.