Price paid: $ 1000
Purchased from: local store (Russia, Moscow)
Sound — 10
A had more than 2000$ budget, and this guitar is the best I found in Moscow (I had compared it with Furchs, Taylors and Takamines). Sound is both bright and powerful (what I miss in Taylors), similar to grand piano. It has quite a lot of bass and is quite boomy for fingerpicking (LJ-16/LS-16 are not), but for flat picking it is perfect. Sustain is good. It has only one dead note (F#3) and it is not very dead, maybe because of a LOT of wood.
Overall Impression — 10
It is the best guitar I have seen in Moscow's stores, and definitely the best for 1000$. I would prefer the same guitar with a cutaway. LLX26C has a cutaway, but it costs 6000$ and I found it's neck less comfortable. If I had stolen it, I would buy the same again or, if I am suddenly six times more rich, maybe LLX26C.
Reliability & Durability — 10
Finish is hard and after two hits is still perfect.
Action, Fit & Finish — 9
Action is quit low even for me. It isn't good, since it is much more simple to fix high action (by fixing bone). Finish is nearly perfect (in a bright light I found one small flaw in back's finish, and I need about minute to find it again). I found a neck more comfortable than LL26's one (LL26 has a V neck, LL16 has a C one).
Features — 8
This is all solid wood guitar made in China. Top is spruce, back and sides are rosewood. It is heavy. Yamaha site says it has an uncommon braces design. Hard case and a wrench to tune neck are included. It is a dreadnought, but it is not too rectangular and I found it more beautiful than Gibson/Martin dreadnoughts.