I have had two cedar top guitars over the years and really like the sound I get. First one I had was a Fylde Orsino, which I got in 1980. I had it for over ten years and from day one, to the day I traded it in for another guitar I thought it sounded great.

My current main guitar is a Taylor K14C which has a cedar top and koa back & sides (the Fylde was cedar and mahagony). It also drew my ear the first time I played it. Yes, I think cedar is not as strong a wood as spruce (the Fylde had a really nice ding from when my cittern fell on it during a concert). But I also feel the instruments are tools of the trade and not art objects. Take reasonable precautions and figure if you're playing it a lot that you will get some dings.