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Will you use it just to drive around in and not tax it with large loads?
Can you get it for about 3-4 grand less?
If you can answer YES to all of those questions then I would "consider" it.
I'll tell you that the 260HP V8 (255 in the Excursion) is a weak engine by comparison to the other engines. I know this because my 03 Expedition had that engine. It would move the truck w/family and would tow my empty 2-horse trailer okay (3200lbs) but it was better suited to family hauling duties. It really needed deeper gears.
A 2WD Excursion (V8) outweighs a 4WD Expy by about 800+ lbs. You'll definantly want deeper gears! However, my guess is that this truck is a lease turn-in and is equipped with 3.73s.
I wouldn't look past it if you can get a smokin' deal on it. Again, only provided that you can answer YES to all of the questions above.
check out the link above in Defiance Ohio. A 2005 V10 XLT with half the miles for a few grand more plus this one still has over 2 years Ford warranty. It does have 3.73's though...