I took a chance on this as I needed something compact to throw in the back of the car along with my 5 year old son's random stuff (which means room is tight even for my parlour guitar). I didn't expect much for the price but I was very pleasantly surprised!
It's a great build. OK, it's not going to be worrying the likes of Martin and Taylor, but for the price it really punches above its weight. There are a couple of rough edges - a couple of bits on the binding and I can feel the fret ends, but nothing that a quick filing won't fix.
Action and intonation on it is good straight out of the box.
Sound is fine. It's light on bass (as expected for the size), and tonally is nothing special. But projection is surprisingly good.
Overall, this is a great little guitar. It's for travel, so not something that is designed as being a main instrument; it should be compact, cheap, and playable. And it does those things very very well.