So, what's the story, Funderbunk? Have you played one? Details!
Yep, that's the beastie. Got one, and for what it is, it's a great little box. The Lace Bronze sensor pickup is good. Thin body, plywood construction (I'm pretty sure), offered in either black or sunburst. Has a bolt on neck like an electric - in fact, it plays a lot like an electric. The sound is not ridiculously great acoustically, but plugged in it's pretty darn nice. A great guitar for plinking around late at night, as it's not terrible loud.
The shape is the main attraction (or detraction, if it isn't to your liking). Personally, I think it's just weird enough to be lovable.
Would I take it out on stage playing an entirely acoustic set? No, I would not. Heck, the thinner sound and lower volume would have me reconsider taking it out to a campfire to play drinking songs (unless you have particularly quiet drunken friends, but what fun would that be?) But as a rhythm guitar, or for a few acoustic parts in a mostly-electric set or band setting, it fits the bill and is definitely a head turner.
They do have a few pitfalls - it's a little neck-heavy, the bridges tend to start lifting from the body, and I've notice a bit of top belly on mine. They came strung with 13's, which may be just a tad too much for them... I put on some D'Addario Extra Lights (10-47) and it seems happier - did I mention it plays a lot like an electric?
Like I said, I have one already, and a friend is bugging me to either sell it to him or find him one to buy. If I could find a black one, I'd probably buy it for myself and just give him the sunburst. If I could find a sunburst, I'd probably keep the better of the two for myself and just give him the other.