you mentioned the ibanez IJS40 value package ( http://www.musiciansfriend.com/srs7/g=guitar/s=electric/search/detail/base_pid/519658/ ) and I have that guitar. I didn't get the value pack, so I don't know about the amp and everything. but I have the guitar, I think it sounds pretty good for it's price, though there is some fret buzz, and little sustain. you can check out my full review of it here: http://www.guitartricks.com/forum/showthread.php?t=12611 and also a review (not by me) of a GAX70 here: http://www.guitartricks.com/forum/showthread.php?t=12695 the thing about the GRX40 (my guitar) is that it has both a humbucker and single coils, allowing you to get both bright and crunchy tones. if you can, give that guitar a try and see how you like it compared to the GAX70