Hi, MurrayI've tried several small models, just to play myself while camping or traveling. Of course I've always preferred playing my Martin HD-28, but it's quite unconfortable to use US$2200 guitar near the camp-fire.
At last I bought second hand Yamaha APXT-1. You can see it on http://www.yamahaguitars.com/ns/guitars/apx.html It's quite cheap, you can use it as acoustic or electro-acoustic, it's reliable, small, etc.
As for the sound: well it tunes and you can play it. Of course you can't expect the sound of full-size dreadnought or jumbo model...
Sláinte,
Szarak