Actually that looks like a really nice one. I believe he paid $50k total in "upgrades". Most were a waste of money, but at least there's something to show for it. He does have a really nicely integrated sound system, screens in the headrests, low mileage, looks like excellent condition in and out.
To be honest, that isn't a bad price either. Add the cost of replacing the gay wheels/tires and that is a very nice 4runner; as long as you just want it to be a city cruiser, since he has filled half the cargo area with subs and amps.
Actually I take that back, since he is a gaylord and put a reserve on it, I don't know what the actual price is, so it is probably overpriced. At $12k it is a decent deal.