I used to be all about Squier strats -- my Squier was my first electric and now that I upgraded it a bit it's one of my favorites. The playability of that thing is only rivaled by my Ric.
The problem, however, is the new Squiers. I advised one of my friends who just started out to get one. He brought it home and the first thing I noticed was the weight: the thing weighed damn near nothing. The problem? Almost all of the new Squiers are made of plywood. It just feels and sounds fake.
Point being, now whenever a friend who's just starting out asks where he can get a cheap guitar, I tell 'em to go to the pawn shops. There you can find all the excellent quality guitars that go for cheap. Peavey's, Yamahas, and tons of others that aren't priced high, but match right up there with the big boys, and a lot of times you'll see 'em for a 100 bucks or less. Avoid the tuning problems, cheap wood, and cheap electronics in Squiers and go for a nice pawned guitar -- you won't be let down.