(Disclaimer:I'm not a "guitar" dude for the most part, I don't subscribe to "Guitar Magizine," but I play a few chords and like having a guitar around)...
Back in the summer, after considering the mostly favorable user reviews on Musician's Friend's website, I got a marked down blemished Rogue acoustic electric (the herringbone, with spruce top, and mahogany back and sides) from Musician's Friend for $102 (all the better known brands at that time were starting at around $200). Although the guitar was a bit more "blemished" than I expected, it played fine to me. A friend of mine who is into guitars (and who has owned guitars costing over $800) thought my Rogue was a very decent guitar. I ended up selling it to him for what I paid for it.
I then bought another (almost identical model but not a blemished one) for $119...the only real problem I had with the second guitar was getting the battery into its compartment (to power the electronics for electric play). I did, with some effort, get the battery into its compartment, but haven't resolved the issue as to why the compartment won't open up properly (I like stuff to work right but I can live with the battery compartment issue)...
My impression from reading the dozens of user reviews on the Musicain's Friend website (yes there are a few horror stories) and having a couple of the guitars myself is that the design and materials for these guitars are decent but one just has to make sure that there are no quality control issues with their specific instrument when they receive it.