Mitsubishi U-70 VHS player playback problem

Hi all,

Got my hands on a Mitsubishi U-70 VHS deck. Its branded as an Electrohome AVR G95 cause I'm in Canada, but its really a Mitsubishi.

My problem is when playing back tapes, I'm getting a lot of noise in the picture. I've uploaded a sample recording here...http://www.sendspace.com/file/jrtwxd

This is a retail VHS tape and I know its good, cause it plays fine in my other decks.

Is this a head alignment problem, a video output problem, or what?

Thanks