WOW! 4 PAGES!!!
Great...glad to hear this thread may do someone besides me some good.  Another tip, after you get the console and rubber boots off and the shifter out, the water will be down in a hole in the adapter box on top of the tranny.  I used a plastic syringe (sp?) with a piece of tubing on the end to draw the water out.  After I did that I sprayed a little WD-40 down in it (WD-40 displaces water, so I figured it couldn't hurt).  I cleaned the shifter and the spring and metal collar all with brake cleaner.  Then I lubed them up with quite a bit of bearing grease.  Now the shifter is a little stiff in the morning, but it still shifts fine.  Once it's warmed up it's perfect.  Also, make sure your friend used GL-4 Gear oil, not GL-5 (GL-5 corrodes the brass synchros in GL-4 trannies).  I used GL-5 at first (no one stocked any GL-4) until I got some GL-4 the next week.  After changing from Coastal brand GL-5 to Redline MT-90 GL-4, I can tell a difference.  It shifts smoother than with the GL-5.  We had a wintry mix the last few days here, so still no no water pics, but I'll get 'em ASAP...just so you guys can see what came out.
Bryan