ST-Junior BK Standard Series : For the money, I don't think anything else comes close.

Bought this for my 4 year old (to stop him messing with mine). The finish has no faults, pretty much everything is adjustable like it's big brother, Mini Squier Strats are twice the price and I do not think twice the quality based on the standard of this product. Nice selection of tones from the selector switch, smooth pots, not too heavy on a strap for the little guy, all in all a very nice product.

I have played it myself (albeit struggling with the tiny fretboard) though a tiny practice amp and also though something 'a bit louder' and I am happy with the sounds it makes.

Really it is hard to find faults when putting into perspective, this is a very low price guitar for the quality you get. This will be a child's first electric guitar and should keep them going for years and I highly recommend it.

I bought it with the short scale gig bag which fits it very well.