Thanks, I was hoping someone would get some use out of all of this.
Go ahead and pull out the old T-molding, you can replace it with new for just a few dollars. To fix the swollen edges you just need to sand them back down till they're flat again. I used an air powered sander, but a belt sander will do it as well. If you're on a budget you could do it by wrapping a sheet of fairly course sandpaper around a 12" long piece of 2x4 lumber and using elbow grease.
If you plan on painting the cab, you should wipe the rough sanded edges with bondo to smooth them back out. If you're recovering with vinyl or laminate, you can skip the bondo as both will hide the roughness. You would still need to bondo any missing chunks, busted off corners, ect.