The pros:
This guitar is clearly designed with live use in mind. It is light, extremely 'playable', and has rather good electronics; the on-board tuner and eq works well, and the pickup is good too. The guitar stays in tune well and seems quite responsive considering it's shallower size.
Unplugged, due to the very shallow body, the guitar is less suitable for recording but great for quiet solo practice.
Cons:
Although the guitar arrived perfectly playable straight put the box, I quickly filed down the bridge and after a little use I easily switched the bridge pickup out for a better one (the installed strip was fine but a £20 upgrade sounded better plugged in).
The finish of the wood feels a little lower end but is obviously reflected in the price and so would be unfair to really claim this as a con.
Overall, the guitar was worth every pound and more- a great nylon string for solo or band performances with a great on-board preamp/tuner. Would definitely recommend!