Just picked one of these up a week ago Tuesday.
I'd been looking for an upgraded acoustic to replace my little Yamaha acoustic-electric. (nice to play, but less-than-stellar sound)
I needed a small-bodied guitar as my aging shoulders don't handle big ones very well.
After investigating Yamaha "folk" guitars and Epiphone "fingerstyle", I picked one of these up at Guitar Center and was immediately impressed. Great sound from such a small instrument.
After reading and viewing a bunch of "ga-ga" reviews, I pulled the trigger and used my income-tax money.
These are a very nice guitar in the 500-buck range. Small-bodied and with a slightly-shorter scale, it has a laminate "Sapele" body with a solid top. Comes with medium-gauge Elixir strings.
The back has a pronounced swell. Whatever...It works. Sounds like a bigger guitar, with a nice, balanced tone. Excellent fingerstyle guitar, but flatpicks very nicely too. I really like the satin finish, it feels like wood instead of plastic....
Comes in a nice heavily-padded gig bag with a neck support; very protective and has a big gear pocket on the front.
Also, Taylor has an add-on pickup system that essentially just plugs in to a pre-installed bracket. You replace the standard end-pin with the supplied jack and you're ready to go. If you want, you can drop another 60 bucks for a cord with a built-in volume control.
If you're looking for a nice, handy instrument with a big sound, this one is worth taking for a spin.