UPDATE: Price dropped to $2800
(09/03/2011) This appears to be a pretty good conversion, though it is only 2wd.
“1949 Willys Jeep with Toyota running gear, 2WD, 4 cylinder toyota motor, 5 speed, carberated, runs and drives excellent, New brakes and Clutch, dependable, good on gas! 530-908-2077”
http://sacramento.craigslist.org/cto/2826928454.html