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Better than any other acoustic this cheap that I've tried (mine's a lefty). I've used it in songwriting, small gigs and home studio recordings, no big complaints. Of course I couldn't compare this to a much more expensive one, but... in my opinion, in many occasions a guitar that's just "ok" and doesn't piss you off in any way is good enough to do the job!
When I bought this guitar its action was far too low and the truss rod adjustment was completely wrong, so it buzzed and choked everywhere. I had it professionally set up, but the luthier had to do quite heavy levelling on the frets. After setup it's a joy to play, sensitive at low volumes but really loud when hit hard. Still a bargain, but it's not really a £200 guitar - it's actually £300+ if you want it playable.