Just scored this at about 1/3 the price of a new J-45. So far I'm digging it. Not exactly a J-45, but not a bad sounding guitar. IMHO it lands somewhere between a Martin dread and a J-45.
I've got a MIK Epi special II with a PJ Marx pu in the bridge. There's some cosmetic issues on the headstock where the tuner holes were redrilled (upgraded epi tuners), but it's a player. $100.