Punches well above its weight in build quality, playability and tone.
It holds tune exceptionally well, it has nice sustain and volume, and it's just a joy to play. Ideal for beginners, but it won't disappoint more seasoned players looking for a budget option.
It seems Yamaha take their budget guitars as seriously as their premium instruments. They haven't cut any corners, they've simply used cheaper materials in the construction to keep the costs down.
Very happy with my purchase.