my squier strat 2000 affinity is lovely, has a really sparkly sound, brighter and more crisp than my ash fender strat and my alder ibanez jem, probably the best clean sounding guitar ive ever heard, also great distorted (with a duckbucker at neck and jb jr at bridge). as far as i have guessed its made from agathis, so if thats the case i dont think its bad at all, and considering it has a price in a shop here of about £100 it proves the point that it doesnt matter how cheap or expensive a guitar is no one should automatically class it as good or bad untill its been tried and tested, that said there isnt a very likely chance that the quality of a cheap guitar is going to surpass an expensive one, but it is quite possible. every guitar is different regardless of the make/model or wood its made of because no peice of wood is the same, and most guitars are made of multiple pieces of wood glued together rather than one peice.
though generally agathis is cheaper and generally not as good a sounding wood as say alder, basswood, mahogany, ash, maple etc..