There seems to be a growing trend for listings of "Gibson" guitars coming out of China.  Most of these are easy to spot "fakes" (and thus, they are probably illegal, I am sure Gibson is not really happy to see $350 clones of Les Pauls and SGs).  The truss rod cover has three screws instead of two and the name of the model is on the head stock.  Also, the pearl inlays on the fretboard are often a little screwy looking.  They're knock offs and they're cheap to mediocre at the very best.

The ruse works like this - they'll sell you a 'Gibson' guitar for like $3.00US but shipping by EMS (Chinese Express Mail) is allegedly $300US+ (it is not this expensive and since I have been to China *MANY* times I can tell you that China Post will package items for free or very little money so these guys are making the $$$ from the trumped up shipping charges obviously).

ALL THAT OUT OF THE WAY...

I got one of these guitars while I was in Shenzhen, Guangdong Province last year and I can tell you, for the $300US I paid for this thing, it's as good, or better, than any other $300US guitar you'll find stateside.  No it is not anything like a USA made Gibson, not close.  The tuners are pretty weak, the bridge piece is cheap (and seems to require the thing be reintonated more than it should) but the neck was straight (and fully bound I might add), the electronics were put together as well as any other guitar and the pick ups were "fair". 

I swapped out the Chinese "humbuckers" (hum being the operative word here) for a cheap pair of used Dimarzio's from Ebay and I had a local shop replace the entire tail/bridge with a Kahler tremolo set up.  A set of grovers up top and this thing was done and actually sounded, and played, quite well.  I think I have $550-$600 into this (find me a LP or SG for that price?) and the sound and playability is pretty darn good.  This is a gig guitar for me when I have to play in places where guitars seem to "sprout legs and walk away" if you get my drift. 

If you're going to get one of these Chinese clones remember it's going to cost you a little extra time and moneywise here stateside to make it "playable" on any real level.  Try to find one that has a bound fretboard/headstock and the correct fretboard inlays.

Definintely worth a look for a "second" guitar or gig guitar in bad areas.

YMMV!