I needed a cheap guitar to take to the office for some lunch time practice, so I didn't expect much. I'm not going to talk about cosmetics here, in this price range it doesn't really matter.
Good things first: pickups sound very good, not just "for the price". And that's the only good thing about it.
Now bad things. Fretwork on mine it was horrible even for the price, there were literally no single fret without sharp edges. Another show-stopper is its balance. This is something that wasn't mentioned in any reviews: it's neck-diving like hell and if you don't use a strap then you need to support it with your fretting hand. This makes it feel very uncomfortable.
All in all, my only mistake was that I haven't returned it immediately, hoping that I could deal with/ignore those things. Then it was too late, so it's just gathering dust in the corner.