I have an Ibanez SGT122 it cost me 140.00, I love it. I bought it to replace my 40 year old El Degas which was falling apart. I know it costs substantially less than your budget but its worth a try.
Your opinion is just that, YOUR opinion. It doesn't make you right. It doesn't make you better. It doesn't make you god. Everyone has their own view and that view is neither right or wrong.

Ignorance destroys music.
the takamine in my sig....$400...
ESP Eclipse with blackouts (Snow White)
Taylor 814ce (tabacco sunburst)
Dean Dime o Flage
Spider valve mkii
Fender Super Reverb
Peavey Vypyr 15
sounds ok, it atleast has a solid top...
Quote by RetroGunslinger
this is like comparing a flushing toilet to a hole in the ground
Don't buy an Ibanez acoustic. Thats a rule of thumb here.

I almost bought that same guitar until I found a different alvarez model for a steal on ebay. Its definitely a very good choice. The Takamine suggested is also a nice guitar. I believe Jim owns that guitar or did at one point, and its also a very good deal for the price.

If you weren't so stuck on a jumbo shaped body, my favorite 12 in that range might be the Seagull S12. I love that guitar and the sound isn't quite as twangy as those jumbos can be.

Partscaster/Tele into a bunch of pedals, a Maz 18 head, and a Z Best cab.
i own a alvarez 12 stirng and i love it,alvarez makes great acoustic 6 and 12 strings
Gibson SG
Alvarez 6 string acoustic
Alvarez 12 string acoustic/electric
B.C. Rich Warlock
Ibanez 4 string bass

When the power of love overcomes the love of power the world will know peace
-Jimi Hendrix R.I.P