When these first appeared I absolutely hated them, but for some strange reason they've grown on me (slightly). The colour schemes seem to vary a lot, and some of them actually look quite cool.
This one certainly isn't pretty, but it has something of the Eric Clapton "Fool" SG about it.
Actually, believe it or not, I think the worst features here are the covered bridge pickup and chrome knobs, they look totally out of place. I'd have a zebra pickup and black speed knobs.