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Here is my 100 dollar guitar that has about everything replaced. (Its a SX Rondo Strat copy) Just got some new GFS mean 90's in it and it sounds great. (to me at least) I really love the touch sensitivity of the pickups. Im playing through a small wattage singe channel tune amp so my clean and dirty channels have to be my volume knob. I just diddled around with some acdc and jimi i just learned to show the tone a cheap guitar and relatively cheap amp can get.
Nice... that sounds pretty sweet for a $100 guitar!