Damn. I'm pissed. The dude brought in the guitar to work today and I was blown away. Gorgeous guitar. Below is a pic of the same guitar, only the body is a different color (this one has black around the edges instead of the cherry sunburst style). I personally like how the frets are extended over the hole, giving it a few extra notes.

The guy is asking $75. A steal, right? That's what I thought. And even better, he said I could keep it for a week and play on it for a while and see if I like it. Bonus! So I brought it home tonight.
The strings were like 2 years old, so tonight I had to run out and get some new strings, restring it (meanwhile praying I didn't damage the guitar, since I didn't own it yet). I finally got it re-strung at like 10:45 tonight, mainly because I've never strung a real acoustic guitar before and I was super paranoid about somehow nicking the finish or something.
So got it restrung and played my first chord on it.....and immediately noticed that the low E-String buzzed when I played hard. Maybe that's the new strings, I thought. Nope, the high E-string buzzes as well. And the sound isn't at all the warm, rich tones I was expecting. It's really tinny (not like small, but like Tin-sounding). Very disappointing. I SO wanted this guitar...but if it sounds bad, why buy it, right?
But I'm going to keep playing it for the next week, while I continue to shop around. What I do like about it is the way the chords ring soooooo much longer and better than my classical guitar. Seeing as I've never played a normal acoustic guitar before, I'm willing to bet that this is true for all acoustics...this one isn't special. It's just so much more fun to play, and makes me want to buy a better one at the same time.
So that's the update. This is quite the learning experience for me, so that's always a plus.
rock on.