I always look at gear. Musicians Friend and AMS catalogs and internet gear sites are must reads daily for me. I have looked at about every guitar imaginable. For the price I did not go wrong. When I got the guitar I raised the top of the bridge, tightened the nuts on the tuners, put Strap Locks on, changed the strings to .011-.049 Fender Original 150's and that's it and now the guitar is totally gig ready. I can't believe Squier has discontinued these guitars, they are that good. A few places such as http"://www.guitartrader.com still has some. Buy one, they are truly a great guitar.
Model Year: 2004
Price: $219.00 (new)
Where Obtained: Guitar Trader
It's a Korean made guitar, mahogany body with a real maple top, not veneer. Jumbo frets that are nicely done. It has a set neck that is shaped like a Gibson Les Paul Classic. 2 Duncan Designed humbuckers that are actually very good. I got the Cherry Sunburst that has some flame to the top and it looks very sweet. Tune-o-matic style bridge that is rather lightweight but functions well. Tuners are Grover copies.
The guitar came not set-up to my liking, so I raised the top side of the bridge to get rid of the string buzz, it was set to low. The neck is very comfortable. I haven't noticed any flaws yet and don't think here are any.
I have played the guitar onstage for 1 month now, 10 gigs total thru my Rivera R55-12 and I have been blown away by the sound of the guitar. I bought this guitar for a backup and also for small gigs where the crowd is in our face so I don't have to worry about my main guitar, a 1975 Gibson Les Paul w/Seymour Duncan Pearly Gates pickups. Instead this guitar has been the only guitar I have played during these 10 shows. I can't believe how good this guitar is. I was gonna change pickups in it, but the stock p'ups sound so good, I ain't messin with it. No noise or hum whatsoever and the neck pickup sustains as good as my Les Paul(think Santana like sustain).
I beat hell out of my guitars, it's just my style, and gigging 10-15 shows a month, they get beat up during load in/load out and 4 sets a night. Since my original set-up I did I have had to do nothing to the M-77. I changed the strap buttons to Dunlop Strap Locks, for me it is a necessity. It's built well so I believe it will hold up.