It's an interesting idea, but I'm not sure if a used A/C condenser is good to use. It may still have residual freon and compressor oil that you REALLY do not want in your beer.
It also looks like you are flowing through the receiver/dryer, which is really-really not a good idea. The receiver/dryer contains a desiccant material that absorbs moisture and acts as a filter, making next-to-impossible to remove all the old A/C residuals.
Also what is this condenser made out of? The inside of the condenser was not intended for food use, so there may be a possibility that the connections are all soldered and potentially toxic.
I would feel a lot better about the idea if it didn't have the receiver/dryer on it.
Maybe a better option, would be to but a new aluminum auxiliary transmission cooler, but I sill would not be too crazy about the idea.
EDIT: Upon closer inspection of the pictures, I realized that you are not pumping the beer through it. Nevermind me! On second thought, this setup should work pretty good, just don't expect to reuse the water for anything food-worthy.