I currently own a Washburn and find it probably the best 12 string I have ever played, including my old Stella and various Japanese rubbish. I use a Kyser 12 string Capo and keep the guitar tuned to standard. The action is remarkably low and very easy on the fingers. I use it also for playing in Church, where depite the lack of PA its volume is sufficient to fill the building. Its also used in the band when the others can persuade me to put the banjo down, and the effects which can be produced with the built in electric bits are amazing.
However, I usually warn beginers off buying a 12string as I feel its a specialized instrument best played by an experienced guitarist and than for specific songs or band pieces. Great thread - good to see some sanity creeping in to mudcat after trying to skin my garden hedgehog to make a banjo head skin.