For the price, you get a great deal. I am a semi-pro guitarist and thought I'd let my 7 year old taste the dream of being a rock'n'roll star by giving him this for Christmas.
The guitar feels nice and solid, good action, stays in tune (subject to the amount of abuse you give it) and I could twiddle around on it no problem despite it being a 3/4 size.
The amp is small, but has an Overdrive option on it, and when set correctly you can get a nice crunchy sound out of it, which isn't so loud as to totally upset my boys Mum.
He loves it, and he can't play anything yet...
It didn't come with plectrums or a spare set of strings, I'm not complaining, just warning you to get them as well if you buy it.
Very happy with this, as at this price is is well worth the money.