Yes, it's playable. In fact, he had it in a klezmer tuning for a while; I kept waiting for him to break into a bouncy Jewish-wedding-style number or something, but I guess that would have been a bit much for even his storied fingers. :-)
I heard him play it - I even played it a bit myself. Two of the strings are fishing line, one is an actual nylon harp string. The tone is surprisingly good considering that the top of the resonating chamber is plastic rather than wood. But it is vewwy vewwy quiet.
I have more pictures, including a couple of peteralway playing it, that I may post in the next couple of days.
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I have more pictures, including a couple of