I've owned this acoustic for a little over 2 years and my overall impression is that it's a very solid acoustic given the price range. If you're a home studio guy that doesn't care about the appearance of your guitar, just the sound - this is probably ideal. I'll outline the basics that most of you will want to know here:
The playability of this guitar is awesome. Mine came with Elixirs and a gig bag that is decently solid. The neck is fairly thick, but not overbearing or awkward to play. The cutaway is extremely nice for reaching higher notes - something that is really annoying on most dreadnought acoustics that don't have a cutaway. This guitar is quite well balanced, and even after two years of playing live gigs, studio sessions, and overzealous playing on my part, it's held up quite well. The tuners are well-made, the guitar itself is made to decent specs, and for being a relatively cheap acoustic, has served it's purpose quite well for me. It also comes with a bunch of handy manuals and how-to guides that make it easy for beginners to understand what to do to keep this thing in good shape over time.
My biggest pet peeve with this guitar is that it was advertised as being American made (older models were at one time), but this in fact a Mexican-made guitar. As a manufacturing guru who has spent time in industry, rarely do I find outsourced guitars that have decent quality. Yet somehow Taylor made this one work. It does; however, have some quirks that kind of annoy me. It is fairly finicky about temperature changes as well as changes in humidity, and if not kept at exactly optimal levels, it throws a tantrum and goes an entire semitone out of tune minimum. Also, the bridge pegs are made of an extremely flimsy injection-molded plastic that could really stand to be improved. The frets aren't made of the sturdiest steel, and if you play with a fair amount of vibrato as I do, the frets will flatted out on top with time. Mine will probably need replaced sometime in the near future. Lastly, I NEVER use the piezo pickup on this thing. It's the absolute worst system I've ever had to deal with for any acoustic-electric I've played. Though I don't doubt this was where they wanted to save manufacturing money. It makes an absurdly irritating quacking nose and is incredibly shrill and high-pitched in live setting if it's not tamed by some serious EQ and feedback protection and backing off on the treble on the guitar's controls. It's really the only reason I didn't give this thing another half a star higher rating. Thus, I have always used a pencil condenser mic for it ever since. All things considered though, for $800, you'll be hard pressed to find anything that plays and sounds as nicely as this guitar does. If you're buying it with high cosmetic expectations, you might be disappointed unfortunately. It ain't pretty unfortunately. Though, to be fair to Taylor, guitars should be more about function than about form.
1) Buy a set of real wooden bridge pegs for this thing (I certainly plan to).
2) If you live in a more dry location, buy some kind of hydration system for this thing and keep up on it regularly. Especially during winter. If you don't, you will have fret buzz like you wouldn't believe and the instrument will sound very flat and dull.
3) Buy a decent strap for this, because it really does make playing live or for long studio sessions much less annoying, even if it's light as a feather.
4) Buy some kind of string/fretboard cleaner such as GHS or the like so that it doesn't wear as fast on the fretboard.