Now you're talking Bob...lol
This is my dream machine and it was what I first learned to program on in college. I thought we were in hog heaven when we moved up to the IBM-360. At least then, we didn't have to program using a punch board.
Punch cards and paper tape, that was the way to go.
Here's some interesting reading on it. No, I'm not that old, but we weren't quite up-to-date with our mainframe. The IBM-360 was more up-to-date.
http://www-1.ibm.com/ibm/history/exhibi ... H1401.html