Yea, the title lied. This is the first guitar i've ever bought, and i must say, that it is very nice.
It came very well set up, and i was able to start playing it right out of the box, though i had to change the strings (Of course). I also had the action changed a little bit, but that was due to personal preference.
I would recommend this to anyone who considers buying an acoustic guitar in this pricerange, and i would also recommend this to anyone thinking of buying an acoustic in double the pricerange. I really do think this is one of the best guitars around this price. Buy it.