finally my guitar gets some attention! lol.
i love mine mate; just bought a jackson that has a £700ish RRP with at about £400 worth of upgrades and i still love to play the Gibson.
Its got a bare knuckle in as well; great combo. the harmonic richness of the mahogany with the BKP is awesome... its so resonant as well.
very similar to a double-cut, in terms of playing/feel (except of course it only has 1 cutaway)... sound wise i guess its a bit limiting for some people, but thats why i got Tim to make my P-90 coil-tapped... increases the tonal options significantly on a 1-pickup guitar... REALLY worth doing if your gonna replace the pickup.
neck is nice and full.
oh and the finish starts to wear down pretty easily giving you an awesome relic-type look after a while... (not sure how obvious that would be on one of the red finish - mines black - as the wood underneath is a rich orangey/red mahogany.
basically, i love it, and for £350 (used), i cannot fault mine at all. £399 sounds like a good price and its definitely worth the money in my opinion.
having said all this, im no guitar expert by any means, and it may be that the melody makers are a bunch of cr@p compared to some other stuff you could get in the price range. but considering its USA-made (whether that means much these days is debatable with Gibson i guess), and relatively cheap, i think its definitely worth the money.
go for it!
and tell me what you think as well- even if you try it and hate it id be interested to know your view.
cheers,
sam.