Re: Best CHEAP NEW RG?
What level of playing are you at? If you are intermediate and above and you now believe that you are going to stick with playing guitar I would save up and get something that is going to last.
What style of music do you play? Goes without saying really, but some of the cheaper models are more attractive to modify (think pickups) than others given wood types etc.
Do you have any other guitars? If you already have something that is quality then a second axe as a consideration for practice or the like such as the price range you are talking about makes sense - see comments and recommendations from the guys above.
In most cases I have found that getting a cheaper guitar end up leaving you wanting in the future unless you have a specific goal in mind.