RE: Couple of Questions
NO! It is not a good price. I wouldn't give that much for the thing if it was in pristine condition. Certainly not after being dry fired.
There is a very good possibility that a lot of other stuff is wrong with it as well. The axles could be bent. The cams could be bent. Even the riser could be bent. The bow is no longer in production, so getting parts for it would be likely be a major league pain.
I have to say this is one deal to run and hide from.
About split limbs.. I've had two bows with split limbs and have had no problems with them. Only thing I didn't really care for was the ocassional twig that would get hung up between the limbs while I was trying to sneak through brush. I still prefer solid limbs, but have no real reason to dislike splits.