I took a purple one (for a fellow jemsiter) and once I determined the neck was pretty good, we went ahead with some mods. First, we put a customized Tone Zone in the bridge with an Air Norton in the neck. Both were zebras. Then I put an OFR on it. I put some strategically shaped stealth routes so the Floyd sits dead flush with the body. The whole baseplate is in contact with the body, minus the routes. That's kind of like what Peavey does, but my routes were so tight you can't see them. To balance the height, I routed the neck a good 3/16" deeper, but with a nice angle in the pocket. So now the neck is nice and tight, and the bridge is flush, and the action is dead right. Of course I also routed for a lock nut, top mounted. Rear mounted would have been fine too. With the truss rod adjustment at the heel, the nut area has a lot more wood on it than a typical lock nut guitar.
It's a great guitar. They are more inconsistent than a Korean, so I highly recommend getting one at a store, where they have several to choose from. Or at least a good mail order house with an unconditional return policy. For a beginner who can't tell the difference anyway, surely they're great guitars. But for an experienced player/tech they are a great budget knock-around guitar that can be easily upgraded.
Next up on the bench is re-topping one with a bubinga top!