In the grand scheme of things, epiphones aren't that cheap. You get a lot more guitar for your money from Dean, Washburn, Ibanez, Godin, Cort etc at that price point. The body construction is OK, but the neck on my SG warps as soon as you look at it. The components are simply DREADFUL. The switch starts to die after about a year, the volume controls have such a poor taper that it's basically on or off, the bridge is a POS, with badly cut saddles (I went up to a .52 E string and had to attack it with a needle file) and the tuners are the worst I have ever seen. The problem is that because it's SO bad, I don't want to spend £300 on it to get it into giggable shape.
I am sometimes tempted to get a cheap or second hand black beauty and do it up though.