I had a look at this today, couldn't get any life out of it at all.
Plug fuse had blown and some tracks on a filter pcb in the rear box.
This had happened because it had been plugged in with the filter pcb
wandering around freely in the rear box and had shorted against the
mounting screws. It can't easily be put back as the plastic insulating
casing is all smashed up.
I repaired the pcb and added some insulating material : however, this
isn't a permanent repair and will need more attention. I also repaired
the speed control knob and fuseholder, which were falling off.
This then got back to the state Mentar describes : on switching on,
the motor starts at low / medium speed and there is almost no control
of speed with the pot. It's possible that the pot is damaged / burnt
out, perhaps more likely that the motor control is faulty. I don't
think a motor fault is very likely, but it's possible.
However, the speed controller is reasonably complicated.
Reverse-engineering it enough to repair it is a long job.
It's probably worth checking the pot more thoroughly, then
investigating the cost of replacing the motor control board.
It may be the same board in the small mil : testing with this could be
a way to eliminate the motor as a cause.
-adrian