Wow! I received this guitar a few days ago and am totally impressed with the work Monoprice/Indio put into creating such a lovely instrument. I can't stop playing it! This guitar is easily worth 2X's what Monoprice is asking and the quality is on par or superior in many ways to similar Mexican made guitars!
Upon inspection mine has a two piece ash body, which looks much better than the one in the pictures on the monoprice website-(which looks like 3 piece body). The cavity under the pickguard is routed only big enough for one single coil pickup. It comes installed with 2 full size 250k alpha pots. The bridge is much better than I anticipated it being and won't need replacing, perhaps I'll replace the saddles with brass compensated ones but that is a personal preference, the ones they provide are working just fine. And the neck is AMAZING! No fret sprout, all frets were leveled nicely and the satin finish on the back of the neck has a really nice feel to it. The pickups are ceramic but quite decent and provide a nice tone, not overly twangy or icepicky, but nice, a good bluesy tone. Also, the intonation was almost perfect and that is quite remarkable given the vintage style saddles this comes with.
I already replaced the tuners as I refer locking tuners. The ones provided seemed ok but not great. That's not a big deal, most if not all guitars at this price point will need them replaced. The 3-way switch, works fine but feels flimsy. I will probably replace it in the future. Again not a big deal, as it is NOT an absolute necessity that it be replaced. The fretboard was pretty dry and needed some lemon oil. The frets were sandpapery and in need of a quick fret polish and now they are smooth like butter and easy to play and bend on. So 20 to 30 minutes of work replacing the tuners, polishing the frets and hydrating the fretboard and now this is a high quality gig worthy instrument!
I also own an Indio Cali Classic Strat, which I love but needed a lot of work and parts replaced to make it the great guitar it is now. So I wasn't sure what to expect and was curious what the quality would be for a guitar more than double the price of the Indio Cali Classic when I bought this one, and to my surprise I am just Absolutely Blown Away by the quality of this guitar! Highly recommend!