It's a great guitar! Ibanez guitars are built like rocks, sound great and are often nicer than guitars costing twice as much. The one you mentioned is no exception.
Plus, it's got an incredibly thin neck and low action that make it really comfortable to play. I bought my first Ibanez second-hand more than 20 years ago figuring I'd use it to learn and then upgrade to a Fender. I did eventually get the Fender, but still consider the trusty old Ibanez my go-to guitar for both recording and live shows.
It's built to last, sounds as good as any guitar I've played and hasn't given me a moment of trouble. At this point, I've got lots of guitars, but tend to favor the Ibanez ones because they feel so natural in my hands. I'm not sure about pricing, but I'll add a link that may be helpful.
I know in hindsight I paid too much for a couple of my guitars, but that fact is offset by the years of dependability they've provided. And I hate overpaying, but would still rather have spent $50 too much ... more.
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