I got mine today. Unfortunately, the description was accurate this time. It is rusty. Not just the blade, down in the pommel area where the spring latches are at.
Hopefully I can get it cleaned up.
No sweat, mine had some rust too. I hit it with some Ballistol (however that's spelled) and steel wool. I cleaned it off in about 15 minutes. I briefly considered taking the handle apart to clear some apparent rust that built up underneath the grips, but I decided against it. It look fine now, particularly for $25.00.
Sportsman guide has the M7 w/ scabard on sale with free shipping for members 27$ Just ordered 2 today.