Hey Richard, If all you want to do is make wooden toys, this saw will be fine. Since you probbably don't need to make small inside cuts, the use of pinned blades will not be a problem. Do not try to install any kind of speed control as it will probbly burn out the motor, In which case you will have to replace it with a better saw!
As far as reducing vibration, bolt it down to your stand or bench with rubber insulators between the saw and the bench. If it mounted to a stand, use sand to weigh it down. The sand will help dampen the vibration. Good luck and go to the introduction page and introduce yourself!