I'll admit that it's nice but I wouldn't buy one because it's pretty much the exact opposite of the kind of guitars I'm into. I'm a pretty diehard Danelectro fan, which I own 3 of, and I have a 60's vintage Teisco Tulip that I adore, and those guitars about as far as you can possibly get from that Ibanez tone-wise. I like guitars from Sears that are made from plywood and plastic-coated cardboard that make wonderful plonky, shimmery, jangly noises. For that kind of money I'd be able to get an absolutely perfect example of one of my two dream guitars, a 60 Dano U3 or a Teisco K3.
Also you don't need a guitar like the if you want to play loud, heavy music. A 3-pickup Dano put through a Big Muff can blow holes in reinforced concrete walls.