Got this one at the same time as my new Dancing Lady for .50 also.
It was a little rougher shape with some root rot due to decomposing bark mix. You could just smell it but it was the only one that wasnt a Dancing Lady so I sprung for it.
It has 6 little pbulbs that are all in great shape actually. Full and firm. It looks like it has bloomed before as well but I really cant tell. Gave it a little superthrive to see if I could spur along some good roots.
And no, its not sitting in the water. Just letting it all drain out.