Yeah I found boxes of 50 of Wolf for $10. Its dirt cheap for .30 cal.
I ended-up buying the gun. It's a "Universal" Type 2 - which is basically the Hi-Point of M1 Carbines. haha REAL M1's will cost anyplace from $350 to over $1100. Gunbroker has a few, as well. From what I've been reading about the guns, people who buy them end up buying two - one nice real one and a junker one they shoot the barrel off of. haha Which is fine by me.
Here's a few pics of it:

The stock is extremely decent condition. But, at first glance something looks off. Oh yeah - it's missing a rear sight. This was pointed out to me
twice by the shop. haha It's fine though! I can snag a brand new milled one for $30 on Gunbroker. Have a smith install it for another small price. Oh well. It was still a steal.

Looking down the gun, you can see a large crack. This is one of the reasons for the price. It runs for about 4.5" down the left side of the stock. It has been repaired, though. I did not buy this gun for looks and show. Part of living with military surplus is the love of restoration to past glory. Or just modding the crap out of it... ;) For this rifle, it shall be the latter. I'm going to buy a real M1 and lovingly restore that one down the line. I haven't even shot this gun and I love it dearly. haha Even if I wanted to restore it, I can get a new stock for around $100 or one of those awesome Airborne wire stocks for $200.
Thoughts? Suggestions?
This is my third firearm in 4 weeks.
I may have a problem. hahaha