i'll be honest with you, it's not THE best guitar in the world, but let's face it, for around £40 i was just happy to get a lump of wood with some strings! but it IS pretty decent for the price, when it came all it needed was a good setup and the fret edges filing a TINY bit, so not too bad so far!
the sound, again, wasn't the same as say, a Martin acoustic, but for £40 ish it doesn't sound cheap, it could see you through a few amateur open mic nights or busking, so it ain't too bad! if you're looking for a guitar to knock about with your mates or just something you don't have to take pristine care of, then this is good for you, just make sure you know how to set up a good action! :)