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I've been using this for approximately 5 months or so. I have it in the McCarty Tobacco Burst coloring.
Body: The body is excellent. The wood grain texture is very nice and coloring is very clear. No grain filler gives the body a slight porous feel. The coating they use is extremely thin and my top concern is scratching it given the minimal protection. However, I have had no issues so far. The neck feels different than the body as it has either a different or thicker coating. Probably to prevent it from wear from hand oils. It is smooth but still feels quite different to other necks I've played.
Tone: Great warm tones, especially on the neck pick up. Sustain is quite present in this guitar, I assume due to the all mahogany build type. Using the bridge pickup, you can get quite a bit of snap and twang in the treble range. There's quite a contrast between the two pickups. Unit has coil tap present and I've never used such a feature very much prior to this guitar. The functionality is excellent and the tone change is quite evident. You also don't lose much volume even though you're essentially playing single coil. There is a slight drop off but not like others I've played. Most coil taps I have played have a deadened humbucker sound versus having a single coil sound. That's not the case with this. I use it quite often in my clean tones.
Overall: The guitar plays like it costs twice as much. I'd take it over anything else I've played in this price range and over numerous guitars that I've played in the >$2,000 range. It's not as fancy as other Paul Reed Smith's but pictures do not do it justice. It is quite attractive, especially to those guitar players seeking a less decorative PRS.