Pros: Amazing tone, beautiful finish, nice feel.
Cons: Annoying locking tuners.
I've been playing guitars for many years. I play rock, jazz and blues, but I prefer to play pretty heavy and fast. I've owned many different brands of guitars, and I've owned several PRS guitars.
Every PRS guitar that I have ever played had an amazing finish, but for the true guitar purist, looks mean nothing, while the tone, sound quality and playability of the guitar mean everything. One thing that I have always found in a PRS guitar is AMAZING tone. I can hit harmonics on any factory made PRS guitar that I just can't hit on any other company's regular production line of guitars. Even the cheap PRS models seem to have great tone. This means that I won't have to go out and modify the pickups/electronics to get the tone that I'm looking for.
Another plus is the feel of the neck/fretboard. Almost every PRS guitar feels like another, so a guitarist could pick up any PRS guitar and feel comfortable playing it, unless, of course, you prefer to play super-thin necked guitars like many that Ibanez produce. The necks on PRS guitars are not as thin as the necks on, say: an Ibanez S series guitar, but the PRS necks aren't really too much of a hinderance unless you're trying to play as quickly as Kerry King from SLAYER.
The electronics in every PRS guitar that I've played, were extremely hot. What I mean to say is the humbucking pickups had a VERY HIGH output, and I seemed to run them through miles of cable, stomp boxes and amps without losing any of the signal strength. That is a truly amazing feet considering the fact that the standard pickups that PRS install in their guitars are passive, not active.
Some of the options on these guitars can really make or break the playability of the guitar. First, do you prefer a five-way switching tone knob, or a standard three way switch? Both have their pros and cons, depending on how an individual may play stylistically, or otherwise. I've used both styles, and I actually prefer the knobs when I am in a studio setting; where as, I normally prefer the three-way switch if I'm going to be gigging.
These guitars normally are equiped with a standard locking case. The cases are pretty nice, and mine have stood up to some pretty serious poundings from travelling around. I think that the cases are road-worthy, but some people have told me horror stories about their cases getting leaked on (I mean getting wet in some way or another) and the guitars were soaked, which, for all intents and purposes, will typically ruin a guitar. I had one of my PRS guitars (while it was in it's case) and an Ibanez guitar (also in it's respective case) exposed to 100 degree temperatures. The Ibanez case seemed to have a bubble form in the outside of the case, but the PRS case still seems ok to this day.
Now for the negatives, which no other reviewers seemed to mention. The locking tuners on most of the PRS guitars (except for the McCarty models) can be a real pain when changing your strings. The first time I got one of the PRS guitars that had these locking tuners on I thought to myself "great, this is going to make replacing strings a whole lot easier!" Boy, was I wrong. Had I known how much time I would waste on replacing strings with those locking tuners, I would have opted to get a McCarty model PRS guitar over one of these. Trust me on this, get a PRS guitar that doesn't have the locking tuners.
My second negative aspect for these guitars relates to the fact that they are so beautifully finished. Since the resale value of any PRS guitar ABSOLUTELY DEPENDS on the finish not having any scratches, dings, nicks, etc., you must be pretty careful with the guitar, which for a lot of people is no big deal, but if you're planning an using and abusing your PRS guitar, don't expect it to retain it's value.
Overall, I'd give this model PRS 4 stars out of 5. If I was reviewing the McCarty model (standard or singlecut versions) or the Hollow Body II, then I would have given 5 stars out of 5.