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The value of building a website using a dropped domain

Spaceship Spaceship
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I see many people going after high PR dropped domains, my question to you guys:
Do you have any success building a website using high PR/inbound links domain.

For example you get a dropped PR 6 domain with 100 000 inbound links and you build a website using it, are you going to be granted:
1- The same authority level of the old domain, you will maintain the same PR and get tons of search engine traffic starting from the first month.
2- The site will partially maintain its authority
3- The site will be treated as a new website and needs to build authority again
4- The site will be banned by Google and needs reinclusion request.
 
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