Well, since you asked, I think they're lame as hell.
That said, I do own two (both guitars).
1. G&L Rustic from 2010. I am a huge G&L fan, and this line was the first they had used lacquer since the very early '90s – and even then, it wasn't the norm, as it had been mostly phased out starting in 1985. The aging is extremely mild. No sanding through the finish. The only artificial chips are very small. I don't like that it is aged...but at the time, I stomached it to get a lacquer finished instrument from my favorite guitar maker.
2. Fender Chrissie Hynde Tele. Great specs (lacquer finish, 7 1/4" radius, Blue Ice Metallic, HSC) at a great price, and about the most minimal and tasteful fake aging that Fender has ever applied to an instrument. The finish is still glossy like a normal finish, and it has no dings and no sanding – only checking, on an otherwise factory fresh finish. The aged metal guard went away, as did all the stock aged hardware. Now it is just a really nice Blue Ice Metallic '59–'62 style Telecaster reissue with a lacquer finish, with a HSC, at a fair price ($1,400 including tax and shipping).