Well, I played about a half-hour with it last night and so far, overall it's meh-plus.
I love the size and weight. I'm a relatively small guy with small hands (just measured my fret hand spread from thumb to pinkie at 8.5") and it feels great. Lined up with my Super Swede, the 12th fret is one fret closer (or in other words, the first 13 frets take up the same space as 12 frets on a full scale). This is great on songs where I'm using all four fingers in a row (Rock This Town) - my weak-ass pinkie gets some relief.
I love the controls. One volume, pickup blend and bass/treble.
So what makes it meh?
The tuners have a lot of play (though I'm really picky about tuners). But most importantly is the sound. There's plenty of flexibility - the two eq bands have a nice range - but there's a mid-range "thwonk" I don't like at all. And there's some fret buzz to dial-out.
I'm going to play it a bit more, then put some flats on it (as on my others) and see where that gets me. If I still enjoy the feel, I'll see about new pickups and/or electronics. At $299 retail, there's a lot of room to experiment with it.