A bunch of guys over at
www.sevenstring.org either own or have owned these.
First, they're no longer spec'd with Blazes, although it appears Rondo hasn't updated the spec sheet on the current generation (actually, I take that back, I just looked and they have).
Aside from that, well, it's sort of "you get what you pay for" with a twist. A basswood bodied 7 with a
ebony board for $399 is absurdly affordable, and what I've seen has me believe that they're a great deal for the price. But at the same time they're not going to measure up to a 1527 for quality control and the like, and it'd be a mistake to expect that. Fretwork seems good enough but isn't immaculate, the control cavities are a little iffy, etc.
The only "serious" issue I've ever seen on one of these was an Interceptor (the trem equipped version) where the trem, while aligned properly, was in a control cavity that wasn't quite routed far enough so when the bridge was properly intonated (as I believe it was, from the factory), the high E saddle slightly overhung the edge of the control cavity. I
think it had enough clearance so that when you dove the trem it didn't actually hit anything, but it was kind of a glaring omission on their part. Again, though, a bunch of people at
www.sevenstring.org own these, most are happy with them, and this was the only one I saw with this issue. This was also the previous generation, so it's possible it's been fixed.
So, for what they are, they're pretty good. They're definitely cheap guitars, but they're better than they should be for the price. A used 7620 or 7X21 is probably a better buy for the money, but if you want a new guitar with (especially for the 27" Interceptor) a pretty top, they're not bad buys by any means, and many people swear by them.