Its rustier down there than it should be, but the subframe got the worst of it; I've taken apart most of whats there already. That having been said it's really only bad in a few key spots thanks to the previous owner's generous lack of a splash guard in a snowy (salty) area. The vehicle itself is 100% worth fixing.
So this part (50527AJ00A) is load-bearing? I always thought of it as a secondary support structure.