It says the "shutter cloth is a little bit crumbled". How nice.
I've wandered around in several sites on FSU cameras, and it seems that the painting of bodies/lenses is a rather common activity. In most cases, it's very much an "after-market" thing.
After buying several Zorkis (yes, through the lovable evil-bay), I decided I'd like a little variety of color, so I bought three FED 2's of red, black, and gray visage. It seems to me the FEDs aren't as well made - a couple of them have an awful time getting back off for loading. I've read that the FEDs were sort of an 'every man's' version of the Zorkis, meaning sold at a lower price. Yet I've also seen much praise for some of the FEDs. Interesting.