have to disagree with TO about LTDs...
when the EC-1000 LTDs came out, i paid $999 including UK shipping for one in a sale on a USA guitar shop website, they listed at $1199 (or £1199 in the UK Esp catalogue!).. in pounds it came to about £650 inc VAT... the price of a battered 2nd hand LP Studio (owned one of these...) or a top range epiphone (owned one of these too!).
It was great, decent hardware & EMG electronics, good inlay work and decent fret job. Only the small imperfections in the binding (the odd mark on the white) gave it away as being anything but a much more expensive guitar!
Loved it, i sold it for a good profit on ebay about 5months afterwards and bough a Musicman Silhouette. (now THAT was a good axe!)...i wish i never!!!! One of the nicest guitars i've ever owned (and i've averaged 2-3 guitars per year for the last few years lol).
For the money it couldnt be beat... i dont doubt ESPs are better in the build quality & woods.. got to justify the huge price increase, but for people who cant\dont want to spend thousands, theres nothing wrong with a LTD imo!!