I'd say the I50 pic is already better than the DSLR shot, but the DSLR shot has a different look (probably based on the colors more than anything else.)
Your I50 looks like it might be a bit lower on contrast, but it sure seems sharp enough, even at web resolutions. The specific colors and how well the matched the original scene are more due to the film used than the lens. I would assume it is fine despite the age unless you see obvious defects. People use them because they are cheap, have a look that you can't really get another way, and take nice pictures. I don't have one, but wouldn't say they are bad lenses by any means.
And the age alone is not enough to "damage" a lens. Unless it has visible fungus, heavy scratches, or some other visible issue, it is fine.