Hi
Thats looks the buisness, the vice is for a shaper, as it runs I would say give it a clean and a good oiling and start to make something, one or two of the guys on her have used shapers, so do a bit of searching to see what they have been up to.
Also as your a new member tell us a bit about yourself what sort of stuff are you into, a few project pics would be welcome.
Stew