I haven't played that many of the Squier Strats, but those that I have, I enjoyed. They may not be the best guitars ever made, but they are great for beginners. My first guitar was a Peavey Predator. Predators are basically Peavey's answer to the Squier line, and I have never had any complaints. The only thing that ever went wrong with it was the input jack, which is easily replaceable for under $25.00. Congratulations on your first electric.
"Our attitude was, Let's not be lazy about it. Let's have something new to offer."
- Kirk Hammett, Guitar World September 2000.