+1 for Bluedeath and Flake. While I'm all for restoring cabinets whenever possible, there's certainly a point of diminishing returns. With all of the DL hardware missing, the damaged artwork and the water damage, this cabinet is unquestionably past that point. Hell, this cabinet is in better shape then the Star Wars cabinet in the other thread and I still would've tossed that SW cabinet despite the collectability.
Might as well strip the cabinet of all hardware (if there's any left) and rebuild from scratch using the original as a template.