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This is one of the least expensive guitars I own -- I bought it used for $325 -- and it is my favorite guitar to play at the moment. It has a coil-tapping feature, so you can get a nice thick, raunchy sound with the humbuckers engaged, or a clear and jangly sound in single-coil mode. The Floyd Rose tremolo works well; it is almost impossible to get this guitar out of tune when the tuners are locked down. It has a beautiful appearance, and it is pretty heavy as well -- you probably should avoid this guitar if you have back issues.
Just to add my 2 cents to the Gibson vs. Epiphone debate, I brought this guitar in to my local Guitar Center a few weeks ago, plugged it in to a good amp and wailed on it for a while. Then I plugged in a whole series of new Gibson Les Pauls. While each guitar has its own individual qualities and tones, making precise comparisons difficult, it seemed to these ears that my $325 Epiphone compared favorably to a succession of $2000-$3500 Gibson guitars.