Well, since I'm well equipped with guitars—two very good classics, an outrageous flamenco (collector's item, actually), and two excellent travel guitars—I'm just looking for something small and handy to piddle around with. To try out chords on a new song I'm working on, pick out a melody line from a song book, that sort of thing. Dink around on. Play when I'm in the bathtub, maybe? Well, probably not. But not to use in performance. A toy would be fine (Schroeder's piano would be okay, except I don't play keyboard), provided it was acceptably accurate in pitch and replacement strings are available.
I don't want to spend a bundle. But I don't want to blow $39.95 on something unless it's at least a halfway decent toy.