Well, you could dump a few hundred bucks into it by adding one of those rare 030 cards, RAM, a clockport USB port, USB sound card, a HD, a fixed IDE solution, Individual Computers' trapdoor RAM expansion, what else? Oh, a grafitti "card" to get ... what is it, 640x400? graphics (plus Mac emulation) and/or a scandoubler.
You'd have a fair-to-middlin machine for some light web-browsing; with the sound card, some MP3 listening, hang a CD-ROM off of there and get the advantages of that (heck maybe even a CD-R/RW?)
It'd be a hella mutant box but you'd have the fastest Trabant in all of East Berlin! LOL
