Excellent, thank you for testing. It's a good thing you have a new one on the way.
Once you have it installed, it would probably be a good idea to let the Widget run for a while to loosen up the spindle bearing and get it used to turning again.
If the spindle doesn't turn when you give the Widget power, then don't leave it on for more than a second or two. Turn the power off, let it rest for a little bit (making sure that U1 cools down, if it got hot), then try again while giving the motor a little push in the right direction. Hopefully you can start it turning, and then it can exercise itself for a while.
Keep an eye on the Widget while it's spinning. You may find that it varies in speed at first while it redistributes old lubricant about the spindle bearing (or at least that's my theory). If it really seems to be struggling, shut it down. Otherwise, let it continue, and hopefully its ability to keep speed will stabilise over time. Keep an ear out for other strange mechanical sounds, like any contact between the heads and the disk surface. If that happens (and it will be loud and obvious if it does), your disk will already be ruined, but at least you can pull the plug and mourn in silence.
If it refuses to spin at all, then we'll have to do more troubleshooting
As I understand its difficult / impossible to keep the widget drives alive for more than 40 years.
I don't think anybody has a Widget that's over 40 years old yet, so nobody knows. Most of them are about this age, though.
It's probably pretty hard to keep most hard drives alive for decades: people seem to accept that these things were not made with this kind of lifespan in mind. The Widget in particular was the first hard drive built by a company that had never made hard drives before, and they made a few unusual design choices and (arguably) some rookie mistakes. This may make it more fragile and liable to break.
However, if more people try to fix Widgets, if they do it in a scientific way, and if they share what they learn, then we may build enough of a knowledge base that Widgets become among the easier drives to fix. You never know!