Looks excessive to me. I agree on probable causes. When I pulled the stock cam out of mine years ago it didn't have those wear marks and the present cam had 0 wear marks(but only had about 5k miles on it). I definitely would be looking at the bearings etc. Since you are tearing into it, (obviously if the bearings look bad) you may just want to overhaul the motor i.e. rings,bearings,timing chain,cam,etc. etc. That picture doesn't give me a warm and fuzzy feeling...
Or don't worry about it (cam) and drive it as is. Unless it's flattened the lobes significantly(highly unlikely) it should continue to operate as normal. I just think the po didn't maintain the motor properly and there may be some more hidden "fun" you will find.