I bought this guitar as an alternative to miking an acoustic up and it does a pretty good job. It's feedback-free at high volume and sounds pretty true to an ovation.
There were one or two issues out of the box. The fretboard was very dry and needed a lot of oil to rehydrate it and the frets were very scratchy, but if you spend an hour polishing them the results are good, there were no deep scratches, only superficial roughness.
Also, the action was quite high 2.5mm at the top 'e' and 3mm at the bottom 'E', I had to remove the bridge (it came out without problem) and sand it down to my preference.
After I had set the guitar up it played well and it's a nice easy playing good-sounding instrument, especially at this price point.
If you have the know-how it's quite easy to get this guitar to a good standard, if not, you may have to spend a little more to have a decent playing instrument.
For the price, I'd recommend it.