It's the lowest-end series Ibanez makes. It's intended to be a beginner's guitar, and the hardware is not exactly "prestige" grade. If you're used to playing an RG, this one will not impress you. As a 3/4 scale guitar for little kids with small hands, it's fine. As a practice guitar for an experienced adult, I'd think twice.
That said, it's a cool looking little guitar. If they'd had these when my kid started playing, I'd have bought her one instead of the Squire Mini. That guitar was low-end too, but you gotta start somewhere. With a few upgrades, it'd be passable as a practice guitar for cramped quarters, but it wouldn't be my choice.