well, guitars in that price range are only a step above absolute beginner guitars... in fact... alot of them are absolute beginner guitars...
however, if you really want to find some serious guitars in this price range, check out this
read that features list again... now compare those features with a $2000 gibson... not much difference is there? don't ask me how these guitars are so cheap... but I've read tons of reviews and lots of people have said that they are BETTER then their $1500+ gibsons... check out some of the other guitars at www.rondomusic.net too, they have lots of good stuff for cheap on there.