Oh What'll I Do??

Job interview complete....let's recap
Pros:
1. Seth Harry seems like an awesome dude
2. International projects
3. Well known among well known urban designers
4. Possibly the only firm hiring
5. No shoes in the office

Cons:
1. 40+ min commute (yuck) (9 hrs a week; 1/4 gallon of gas a day= refueling every 4 days= around $200 a month on gas)
2. Office in the basement of Seth's home, not a pleasant space either
3. Ruth might hate me, and certainly makes me nervous
4. Small firm, 3 employees
5. Hinted at the fact that I would be cheap labor (aka wouldn't get paid well)

Their level of work is tremendously higher than my own, which is expected and certainly a good thing, but I'm worried I wont be able to do as well as they would like. From talking with them, though, I get the feeling that they don't have such high expectations of me, or much hope for me anyway. I do have great aspirations, I don't want to be doing sketch up for the rest of my life. Would I be an idiot to turn down the only job offer I've gotten!?

---------------------------------------------------
UPDATE (9/1/09):
They offered me the job. $25,000 a year, no real benefits. They'll contribute to a 401k (or similar), though, and I'd get an end of the year bonus as well. If I start doing more work, or better work, I'll get paid more. 4 days a week (3 day weekends). If they were closer, it'd be a no brainer. My only complaints then would be pay/benefits and working in a basement....(I want an office!!!)
--------------------------------------------------
UPDATE (9/4/09):
I accepted the offer. I promised to call by Friday evening, and so when I called Seth said jokingly, "You still have 2 hours left!" (I didn't want to take that long except to see if the County would offer be a job. I decided, while at my internship with the County today, that if they didn't approach me, I would take the other offer. I've asked too many times, and I've been there for 8 months with no offer!)

So, as I said, I called Seth. And it so happens that one of their major projects have been postponed, and so my work there might be postponed, or reduced. Am I full time? Am I part time? Would I still get paid as much? Ugh, all these questions I wanted to ask but didn't. As if the initial decision weren't hard enough, add all that to the mix.