Not a bad deal at all - FWIW Epiphone targeted them directly at the CW II (satin lacquer finish, colors, appointments, original selling price) in case you didn't notice - and the one I played a few weeks ago at GC (one of the infamous $439 blondes) felt/handled like a mid-60's ES-175, including the period-correct thin neck (which I love); truth be told, my first "good" guitar of any kind was a '64 Gretsch Double Annie (which I still own), and I prefer the light weight (a hair over five pounds versus 7+/- for the 175) and livelier tone afforded by the thinner body woods (about half the thickness of the 175) and P-90's of the CW II - very reminiscent of my Gretsch in many respects...
Price is back up to $999 on Amazon, BTW...