Blooming or near blooming sized plant with six pseudobulbs total and new growth coming. No mechanical damage suffered during shipping.
The bad news: this plant has a very bad case of root rot. All old roots are dead and the whole plant was coated in a thin layer of algae, worst around the pseudobulbs. The media did not smell bad to me, but the pseudobulbs (or whatever was growing on them) smelled of rot. The pseudobulbs are wrinkled but still firm, so likely will be okay given some time and extra care.