thank you all who replied. the raw water seal gave out and it was in the water for about 36 hours. it was last sept when it sank and it has sat since then. i drained the engine, which had surprisingly less water than i was anticipating in it, and things seem to be fairly clean. im thinking the previous owner drained the pan because there was some "chocolate milk" puddled in the heads and a few cylinders. solid idea about restoring it and selling asap, esp with the season almost upon us. anybody out there have a 2008 gsxr theyd trade for it?? lol jk thank you.