Someone like me would probably find a use for it but other people might just take the useful parts & make a "cut away" display out of the cracked block.
This is a link to a video of one running that someone else has made from a model A engine http://www.youtube.com/watch?v=AGMiRAEVHF0
With a hunk missing on the block, I would scrap it and the transmission looks like it has severe corrosion. Unless I am not seeing something useable, I too say "Scrap It"
I see a water inlet, a possible mag ring core, posssible pedals, fan bracket, with a lot of luck a head. None of them worth much but too bad to see them gone forever.
Great yard art - plant flowers around it until somebody needs the parts.
I see a ring gear in the transmission, which means 1919 or newer if the transmission had not been changed. (that is when starters were first used by Ford)