[Dayze]

I would pass on it.
For $200 it's average, to below average and not worth it.

You can score a way better guitar in the news papers etc...
I got a late 1970's Yamaha w/ case for like $220 in near mint condition in 1995; still the best sounding acoustic I have (I have a Michael Kelly, and Martin). My dad has the exact same Yamaha model that he bought new in 1979 and in some ways it sounds better than his hand made $4k Huss & Dalton. if you can find a late 70's or early '80's Yamaha, they are excellent guitars.

As others have mentioned, it's very subjective. For the money,however, I think you cang et a better value with regard to quality and tonality vs. cost.

Hope this helps!