Boy, I sure as heck wouldn't use it. I don't like Teflon either, which is why DH and I got rid of ours and replaced them with stainless steel and cast iron. I know cost can be an issue for replacing things, but I like to think of it is terms of "how much would I pay not to be poisoned?"
Sorry if that sounds exaggerated, I don't want to sound condescending or tell you what to do with your frying pan, but Teflon is toxic (the gas given off when it heats up has been shown to kill birds, who are more sensitive to airborne toxins; think canary in the mine). Also plastic can be harmful. We can use these products for years without noticing any problems, but we don't know what they are doing to us in the long run. I don't think there should be as much cancer as there is in the world; respiratory diseases, heart diseases... All the poisons and toxins we continually add to our bodies has to amount to something. We are hurting our bodies so slowly and systematically that when a disease finally shows up it often seems to have no cause, because we can't figure out what caused it, but something did. Diseases don't happen for no reason.
Save up and get one piece of cast iron at a time and go to thrift stores for stainless steel... I mostly use stainless steel and it is cheaper, but it is nice to have a "non-stick" thing for some foods (hence the cast iron).