If anyone has a young one (or old one!) looking for a beginner/low-price guitar this season, the Squier Bullet HS Telecaster isn't half bad, though it does go for the humbucker in the rear, which some might find to be tele-heresy. It doesn't happen to be on the Fender website, but it should show up at various stores for around $120.
Some friends are considering an inexpensive "first guitar" for their daughter, and this seemed to pull out from the pack when looking a couple times last week.
It sounded OK to darn good through the Vox AC4 in the store (once I stretched out the strings for GC). It is rather obvious that at the GC I went to, they pull them right out of the box, onto the rack, and don't even tune them much less stretch the strings any. At first I thought the tuners had some problems, but nope.
The weight on these are a bit all over the place, and there is no lacquer on the neck of course. I've been thinking about it since playing it though, must not be too bad!