I have had this amp since 1996 and it still sounds as good as it did when I got it.
That's not saying much, considering its a small, solid-state practice amp. Its a great entry level amp and it can get very loud when you crank it up. The amp has a very dry, almost synthetic sound. If you have the money, invest in a tube amp, but if you don't really care about warm rich tones – get it.
Not as great (tone wise) compared to the Fender amp I got and broke (rip), but when I play with the reverb and chorus that goes with this amp, it really sounds good. Also, I love that this amp does have distortion, reverb, and chorus with it so I don't have to buy myself a ton of guitar pedals.
My step-father has blessed me with this angel of an amp. With 30 watt power, built-in effects, and a handle for easy carrying, this amp is all I need for both guitar and bass.