I have been playing for 5 years and own 5 guitars. Telecasters suit my needs perfectly and this Monterey offering is the best value for money, period. With a pickup change I would say it is easily the equal of a mexican Fender, perhaps better when you consider the superior cosmetic features it has (like binding etc). The only complaint I have about it is the horrible fret buzz all over the neck. I really do not want to go through the hassle of getting a fret level but it seems with this guitar it is an absolute necessity. If it were stolen I would buy it again, this is "my guitar".
I have been playing for 5 years and I am a bit of a tech head so I like to do a lot of work/tinkering on my guitars which means this amp has been played with a lot of different pickups. The only other amp I own is a Fender Champ 15w but I have gigged with a Marshall 100w combo. It has great versatility for a prac amp. Sounds good at low volumes but can also be really cranked and get extremely loud for its size. Lots of usable tones from the different modeling settings and most of the effects are usable. As stated before I don't like the delay effect or the footpedal for it. When I was buying it I compared it to a Marshal 30DFX, obviously I felt the Roland Cube was better.