This guitar was the first electric I ever owned, and after getting my Epiphone Les Paul I can't say I've played it too much, but recently I took it apart and cleaned and I'm going to start using it more to mix things up a bit. This guitar isn't made all that well, but we got mine with a small practice amp and a gig bag for $125, and for that price its actually pretty good. The strings don't buzz and I have never had any problems with anything breaking before, so all in all it is a fairly reliable beginner guitar.
My Squier is one of the newer ones and my second guitar. I bought the first as a beginner mistake and it discouraged me to play, but then I wound up with one of these things and I was completely interested again. I've had it for about two years now and it's of pretty great quality for the price. I have played others, from my low-end all the way to a Gibson Les Paul. It certainly wasn't as good as the Les Paul, but it does make for a great beginner or intermediate player, again, given the price. I've never had any trouble with feedback on the pickups, even with a cheapo amp. Could be better, clearly.