I've played a few of them and they seem perfectly fine to me. They're not Martins but they don't cost like Martins either. In fact, they're mighty inexpensive for the quality. I don't own one but I've played them. The only Fender I own is a 1977 P-bass. My first bass and I'm still playing it (I was actually a bassist BEFORE I started playing guitar whereas it seems to be the other way around for most people). I bought it new for $500 and now people want the old 70s P-basses. I've had offers of $1500 to $2000 for it but I could never give it up.

But anyway, I have no issues with Fender acoustics.