I used to have one of these, paid £120 for it new and sold it for £90 on ebay
Mine was a nicer dark cherry finish and had an extra pot (2xvol, bass, mid and treb)
It wasn't pants at all, although it wasn't by any means desirable. The pickups were much too loud and you had to roll them back to get a decent sound. The hardware was surprisingly decent, i remember the bridge in particular looked well made and chunky. It was a double truss rod neck and seemed like a "proper" 6er, tbh i was expecting to find all sorts of shortcomings when i got it home but it was pretty good
At this price you can't go wrong really! Sniff out some better pickups and it'd be a winner
EDIT: That Squier was a standard too! Someone got a bargain...