I own one of those, picked it up a little over a year ago specifically for gigging fingerstyle. It is an awesome guitar at any price, even more impressive when you consider the price.
Everyone has different opinions about woods, but I feel a cedar top is generally more sensitive (because it's softer than spruce?) and therefore lends itself to intricate fingerpicking. The wide neck, the small body, overall ergonomics, and let's not forget an awesome electronic set up make this guitar exactly what I was looking for.
I think you'd have to spent 3 or 4 time as much to approach the attributes of this guitar from another manufacturer.
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