I got this a couple of weeks ago as a project guitar to practice refinishing.
I've now stripped the paint all down, and suprisingly the back is nice wood too. nothing special, but works with my plans. i still need to work down the whole thing a bit more with some fine sandpaper, but that part is almost done.
Next phase (after the fine sanding). going to tung oil the back up nice, and i picked up an ebony stain to do the top with.