For something that plays and feels more like a 'regular' acoustic or electric, rather than a wider classical neck, this is hard to beat at the price.
Obviously you will find better made guitars with higher-quality materials (the plastic tuners let it down a bit...), but they will be reflected in the price.
For something to mess around with it is great - sounds decent and feels nice to play. Have not tried to record it so who knows what happens then...