I recently received this guitar after many struggles with FedEx (not monoprice's fault). The guitar is definitely an upgrade from my previous guitar (a $200 learner's guitar from 15 years ago) however there were a couple of problems with it that I'm likely going to need to get fixed. First off, the Low E string had a pretty nasty buzz that I was able to fix by raising the action of the guitar a bit but it was a bit annoying to have to do that. Secondly, the middle pickup doesn't always work. The switch is really finicky when you try to play that pick up by itself indicated some sort of wiring issue. Unsure how much it'll cost me to get it re-set up but hopefully not too much. Besides those issues though, it looks great and plays pretty well so you could do worse.
Good looks, surprisingly good electronics, but doesn't tolerate heavier strings well
The guitar looks amazing and the pickups are surprisingly clear and strong for what they are (or aren't). Weight and balance are good.
However, while I usually use 11s on my electric guitars, the tension of these heavier strings is really doing a number on the bridge, which seems to be designed to function best with 9s. I was able to adjust the bridge a bit but the tuning doesn't hold for very long. Always having to retune is irritating, but not surprising given this kind of bridge. So I may go back to 9's for this guitar specifically. That said, I have the Indio strat clone with 11s and it holds tune very, very well.
All in all, this guitar is a fantastic value for the money.
Kevin, thanks for the nice review. I am glad you like your Indio Helix. Our guitars are shipped with 10GA strings. I prefer heavier GA strings myself. If you open the back of the guitar and add another spring to the claw (should ship with 3, you can add 2 more) it will work with the heavier strings better.