From what I can remember, the S2 is mostly SE parts and wood (not entirely of course) but made in America
It's more a mixture of USA and SE components - the tuners, pickups and tremolo bridges are made in Korea but the hardtail bridges and (FWIW) the jack and jackplate assembly are the same as the USA models. I'm not sure about the electronics - although the knobs
look like USA knobs, I suspect the pots and switches are non-US, but I haven't taken an S2 apart yet to confirm.
As for the wood, I'm not sure where it originates but it's much closer to the US models than SEs. The bodies are good-quality one-piece mahogany like the "core" models, the only cost-cutting is on the neck where they use a spliced heel and a scarf-jointed headstock.
As for pricing, I don't know - looking at it from the top down, I think the S2s are reasonably priced compared with the "core" PRS models. And comparing with other manufacturers, they're every bit as good as other guitars in the £1,000 - £1,300 range. But you're right, they're very expensive compared with SEs. Perhaps the SEs are the real bargains.
