The impression on opening the box is positive, it looks just as good as it does in the pictures. It also sounds great, the pickups are quite good, I'm comparing them to a Fender Player Strat and they stack up well. The bridge is the weakest position, but it's still a nice, clear sound.
The tuners work great, neck is lovely, frets in good shape and the finish is beautiful. No problems with tuning or any of the hardware except one minor thing - a ferrule from the back of the body dropped out when changing strings. Pretty minor because it's held in by a string being on there anyway, but a little annoying.
The main issue I had though was the electronics. There was quite a lot more than the usual single coil hum when plugged in - it was loud even at low gain and volume. After opening up and fixing the ground solder it's fine, but not ideal on a brand new guitar. Thomann assured me this was normal hum, but I can directly compare to another single coil guitar and it was LOUD. It's quieter now, but this is not a silent instrument. It's got a vintage sound with vintage hum so even working as intended, you may not like how much noise these pickups generate when your hand isn't on a metal part of the guitar.
I would rate the quality higher if the QC was a bit better, but the guitar is good - sounds good, looks good. It's not going to beat a more expensive Telecaster, but it's a lot of guitar for the price.