A couple of years ago, I bought a Parkwood PW320M from Guitar Center. I played three Yamaha FS720 guitars on the wall that day and all three of those were very thin sounding. I also played a few Taylors, a few Martins, and a couple of Breedlove auditorium-like (higher end Passports). The one guitar that really sang to me that day was the Parkwood. I was prepared to spend a lot more money than I did by the time I left the store.
In the way of a comparison, I just bought a new Grand Auditorium-bodied Eastman guitar and it sounds rich and full with great balance across the strings. I sold my Masterbilt DR500MEns (big dreadnaught style) in favor of a more balanced tone.
It has been my experience that Yamaha dreadnaught-style guitars are nice guitars for the money.