I own a Lowden O23, a Norman ST68 and a Pro series Simon & Patrick.
Last Summer I picked up a "Gremlin" (same brand as Blueridge I believe) just out of curiosity (absolutely no intention to buy). I would never have considered buying down in that price range, but I was amazed at the sound and build quality. It delivers a great Robert Johnson type blues sound and plays easily, with good projection. I bought it as a "knockabout" guitar, but that really understates its value. It sits around the house (never in a case) so I can pick it up and play it at anytime.

Guitars "Made in China" used to mean tack - not any more. Is there any wonder the dollar's falling through the floor?