I recently bought this from a board member, and I think, aside from the cheap-looking pegs where you can actually see the mold seams (ugh), this is a very cute piece. The double rosette design is quite elegant, and the finish makes it look like an actual guitar - it doesn't look plasticky at all (except for the aforementioned pegs). I like that you can strum the strings - and tune them - albeit, not very well, but I managed to tighten them enough to make four notes. The pink ribbon is also a nice touch.
Felicity's limbs don't allow her to hold the guitar properly... I know, because I did everything in my power to get her to do it. She just looks kind of silly with it. But she liked it so much in the book that I had to get it for her.