It is a brilliant guitar, and I have enjoyed playing it very much. I looked also at Squier strats, teles, and a variety of other guitars including Yamahas and Epiphones, due to their prices, but this was by far the best. If this guitar were stolen, yes, I would definitely replace it, because it is great to look at and play, and on top of that, it's not too common.
Features: I have a black version of this guitar, although it also comes in blue, purple and grey. 2 Knobs, one five way selector for a HSH set up, and also a tremelo system. The only problem with it is there is no pickguard.
Playability: My guitar came set up with great action, and the neck ssems to be very well made. It can easily outplay a Squier Strat (about the same price). It's good in overdrive but has sustain not so good, and a few other problems clean.
Sound: I use the Marshall MG10CD (which is a very good budget practice amp), and I play all sorts, mainly rock and punk rock though. It seems to be pretty good all round. The pickup set-up allows the guitar to have a deep full sound at the bridge humbucker, a nice warm sound midway between the back and middle, the middle has a good, although perhaps a little shallow sound, ranging to very clear sounds at the front. It does have problems with electric currents from lights and PC monitors, and buzzes, and so I am considering getting it shielded.
Durability: As far as I can tell, its a solid guitar with very few durability problems... although the lack of a pick-guard means that there are little scratches all over mine!