The LTD M-10 is a good instrument, if you're starting to learn guitar or if you need a practice instrument. I have one, and I got the bridge pickup changed for a Malagoli's RL-Legacy model (Brazilian's Custom pickup factory) and also changed the whole electrical part (new CTS pots and switchcraft jack). The neck is fast enough for those who like playing riffs "a la" Lamb Of God, and it doesn't lose the pitch, even when I put on some 012 strings and tuning it on Drop-B. So, with this modifications, now I use this guitar live as a backup guitar, and do some recordings with it! My respect to LTD guys!
This is my bedroom guitar, I have it on white. The neck is unfinished, pickups sound good for it's price point and it looks like a FU#&K*N Kirk Hammett guitar. I would definitely recommend this to a beginner or also if you're looking for a cheap backup guitar.
This guitar is actually my first electric, and I think that this guitar is an exceptional guitar for a beginner stage. Build quality is very nice although mine doesn't have a bridge ground and the jack tends to be loose easily.
Stock pickups (which is the LH-100) were very dark, compared to Schecter stocks,Jackson stocks, Dean stocks, BC Rich stocks, etc etc. also good for lead tones too, I think.
Hardware is very nice and durable, I only replaced mine because I don't like the color of Black Nickel. Electronics are reliable as well, Nothing replaced yet except for the pickups because I don't like a dark-ish, gloomy sound on my cleans.