I bought this for my kids. I've been a pro guitarist and teacher for over ten years and having seen some awful kids guitars was apprehensive about buying one, but this guitar is excellent.
The intonation is great and the action is very good. It sounds a little boxy (a hump in the lower mids) but given the size of the body I really can't complain.
I would find it hard to fault the instrument in any way. It's a REAL instrument and easily worth the money. It looks lovely too.