I'm sure you know this already, but you need to distinguish between the USA-made G&L guitars and the Tribute Series, which are made for G&L by Cort in Indonesia - hence the much lower price.
The US models are top quality instruments, mostly designed by Leo Fender as refined versions of his Strat and Tele designs. I've never tried any of the Tribute models, but they look like good copies of the US guitars and they get good reviews.