Indiana and Johnson are also one's I'd recommend to folks, as far as a cheap guitar. They're cheap enough, and playable enough for anybody just starting out, and with a few mods along the way could make some lasting guitars, unless one really wanted to upgrade to a Fender/Gibson as their skills progressed. I tend to be somewhat prejudiced in favor of the equipment, when it comes to cheap/entry level, but only because I'm capable of making most "crap" guitars sound good, and probably only because I've been noodling with 'em for 18 years (and I'm really just a decent player). If I can't make it sound good, then yes it is crap. That said, for somebody looking to get into playing guitar, but don't have the slightest clue about any of it, it would be good to try getting somebody like me to go along.
Matt
Completely stock, I'd say the Bullet Special would make a great "take it places, and don't worry if it got damaged/stolen" guitar. I'd say that about the Epi Les Paul Jr. 90, but that model's out of production, but I am going to leave mine nearly stock. As soon as I get a chance, i'm going to order a couple of these knobs that are supposed to be for a Fender Super-Sonic combo, but they happen to match the P90 cover and jack plate, which against the ebony body would look a lot cooler than the black speed knobs. The body matching pick guard keeps things in order, on the color pallet.I just modded one of those bullet specials...fun little thing
Matt