Eric:
It will. All it takes is a little work. Mine was not as complete as yours is when I got it, although Nathan did a great job putting the motor back in good shape and included a lot of tools. I had to buy a hose, a rug tool, a new bristle insert for the dusting brush, the tool caddy, the extra set of wands, and the owner's manual. That was last year. This year, I rebuilt the PN with a new motor, new belt, new brushroll, new spacers, and new dust seals.
It sounds like a new machine, and it does not have any dusty smell when you use it. Carpet fluffs up like new with the PN.