I want to second what Andy Eagle said, here...
Don't forget to factor in the garbage hardware that you will have to put up with or spend to replace and then you may have issues of the fit.
These guitars are only OK at best so don't be fooled into thinking anything else. Yes I could replace everything and fret dress it but is that really a bargain?
....except that whereas he may have intended his closing question entirely rhetorically (with an implied answer of "no"), I think it should be answered "depends on the person/situation."
For the sake of argument, let's presume you get one of the Earts with a neck and fretwork that's either very good or great. (It appears that not everybody does, and it's no surprise that quality-consistency should be iffy at such a low price-point, but I've gotten
two Earts I'd describe that way, so it
does happen.)
So, is the situation a "bargain," as Andy asks?
Well, I'm replacing the pickups, the electronics, and the bridge, on the headless. (On the Tele-style I may do the same, though it's pleasant enough as-is that I may not bother.)
BUT, I went into the project expecting exactly that. I wanted a versatile headless that was cheap enough I didn't mind modding it over and over. I may even try drilling a JEM-style handle into the upper body because it's a tad heavy, and why not? More importantly I knew that no production headless was going to come with the obscure switching options I wanted to try, so I was going to replace/modify pickups and wiring no matter what happened. Would I rather Frankenstein-up an Eart, or a Strandberg?
So in my situation the Eart made sense. The "is that really a bargain?" question can be answered "yes," especially if you take the neck and frets being good as a given. (I couldn't do that when
ordering, but was able to do so
after it arrived and turned out to be one of the good ones. If it hadn't been good, I'd have sent it back.)
But, there'll be no resale value to speak of. And it's a bargain
given that I was going to change the pickups and wiring anyhow. So I wasn't expecting a $370 total project. I was expecting a $650 project
at least. If someone is expecting a guitar that pleases them in every way, out-of-the-box, for $370, I think they'll be disappointed. But that wasn't the plan, for me.
So that's why I answer "is that really a bargain?" with, "it depends on the person/situation."