Do I think you're crazy? A bit, but that's the default around here.

I wouldn't suggest bleach for this both because it will aggravate the rust issue and because it's not so great on porous material like wood. Yes, it'll kill any mold it comes in contact with but it'll only get the surface and you may find yourself having to repeat pretty soon (there's some molecule size thing where bleach is too big to get in the cracks). I'm not an expert but some other options that should kill just about as well are borax diluted with water, baking soda diluted with water, vinegar, and tea tree oil. What I don't know is how each of these would affect rust and I'm sure each has it's own negatives but I'm sure none are going to be as bad as bleach.

It depends on the title.

go with the white vinegar not bleach

Do this outside or in a garage with open doors to the outside and wear a mask or you WILL get sick.
I restored a game that was covered with black mode because it was super rare, and even with a mask I got a resp. infection. It also took me 5 months to replace all of the rusty crap and rewire the game since the corrosion got in the wires. Be careful, mold spores are nothing to mess with. They are microscopic and travel in the air flows so keep things well protected.

To each their own but i wouldn't.

All depends on price.

Just factor in a couple more days of stripdown/clean and it's no different from anything else. Hoover off 95% of the mould then attack with a cloth dampened with a water/vinegar mix. Then use a toothbrush for the hard to get to places.

Actually, I guess it depends if you want a profit (in terms of time spent) or do this as a hobby. Some of us just do it for the love.

FWIW, that looks more likely to be mildew and not mold.

I've heard cheap vodka is good for cleaning mold too. Buy a bottle of good stuff for yourself to make the job more enjoyable

Make sure the respirator cartridges you buy are certified for mold abatement work, or else some of that nastiness could get through. This page has good advice:
http://www.epa.gov/mold/whattowear.html

definitely about the vinegar (acetic acid), it'll radically change the Ph, shock and kill the mold. then the cleaning and a final spraydown of vinegar.. then I'd go a couple coats paint with whatever kilz or resist additive, and a 1/2 lb sack of dessicant to pull moisture from it forever after. not too much worries about the rust and corrosion that need cleaning off and maybe coating. up to you how deep to go with it, like cleaned up vs restore job, to me it looks cleanable enough without a total stripdown and get to the playing.

To save a game from the landfill, I would do it.

I would recommend using Benefect or Concrobium to get rid of mold, benefect is made from Thyme oil so its safe to breathe and work with, BLEACH is no effective at killing mold. I just completed a 30k mold remediation project so I have done a ton of research on Mold.

"not effective"