There's a long thread on airliners.net about this very aircraft and its coming ferry flight.
The poor thing was ferried to the airport she now sits at in 1991, so it's been a while since she's been flown.
A bit OT, but does anyone recall the Boeing 307 that was lovingly restored to flying condition by Boeing employees?
Only a double handful of these pressurized four engine aircraft were built in the late pre-war period and all were delivered to TWA and Pan AM. The 307 was immediately eclipsed by the vastly superior Lockheed Constellation, the earliest of which entered service just five years later, much as the earlier Boeing 247 was quickly eclipsed by the Douglas DC-2.
She was a gorgeous flying aircraft for a brief time until the airline pilots who had qualified to fly her ditched her in Elliot Bay after running her out of fuel.
She was recovered and restored yet again. She now sits in the National Air & Space Museum never to fly again, the same fate this old 727 will suffer, although there remain a number of active 727-100s worldwide.