I've had this puppy for a few weeks but only just started really putting it through its paces...I played it a lot at the store and it beat out both Princetons (PRRI and '68CPR) because of price/performance and overall utility...
So far, it sounds great (haven't gigged it yet, as I've needed to stick to my AC15 for last few gigs because I KNOW that works for me).
It's got a nice Fender sparkle - perhaps not quite as - well, sparkly - as the PRRI...but it also has a nice tweedy grind with the Fat switch engaged. Looks great, and very vintage-y.
Only niggle so far - it's quite bright. I heard they did a sparkle mod to the amp - and it does indeed sparkle. But I found that I need to back the treble down considerably, at lower volume especially, like down to 3. The reverb is similarly overbearing and I can only have that between 2 and 3 as well. But with these changes, the amp sounds and responds just like one would hope.
Note that in general I'm setting the amp up to play clean with just a hint of breakup on hard transients - I haven't had a chance to really try it with all my axes in full-grind mode.
Kinda reminds me of that thread where OSA basically said "don't set the tone by what you see (and know) - set the tone by your ears. And to my ears the amp sounds best with the bass and middle just slightly above middle on the dial and the treble and reverb on 2 or 3.
YMMV.