My meagre funds could only stretch to £75 for an Aria STG-003 Strat copy. Mind you, it's an excellent guitar for the price.
There's loads of decent instruments around for reasonable money these days, I hear even Encore have made some guitars that aren't an embarrasment to the word instrument. The Aria looks decent enough, solid body for £75, i'd imagine most would be plywood at that price.
I'll listen to some of the tracks people are posting when I get home.