http://www.squierguitars.com/reposit...07_product.jpg
I took one of these off the wall last week in a local store 'cause I really thought it looked neat.....still do. But, I tried to play the dang thing for 20 minutes and it was horrible...horrible.
Cheap IS cheap.
It would not stay in tune for five minutes...honestly...and on close examination was very "unfinished" looking: the metal pieces had been poorly cast, the nut looked like that cheap plastic that disintegrates in sunlight (like from the 50's), the finish and body were both very thin.
It was NOT a bargain even at the $179.00 price tag. It wasn't even worth, in my estimation, the time it would take to make it into a real guitar.
Shape up there, Fender!