I took the plunge and ordered one. The verdict? Not as cheap as it looks. Actually it's not bad at all.
I do wish it had some type of sound adjustments, but there's none to be had. Not even a bass boost switch. I can't help but be tempted to put in a simple "tone" tank circuit, but for now it'll do as is. You can use the preset crap EQ on your iPod if you want to. I use "bass boost" myself.
The sound quality is quite a bit better than I was expecting. The fairly small speakers do a better job than you'd probably think because they are of decent quality. The cabinet isn't shallow and that helps a bit too. It doesn't put off a ton of bass, of course, but it's decent for it's size. It's surprisingly powerful, but not harsh or shrill at all.
The tweeters are fake, but it's quite possible to put some in yourself if so inclined because there are brackets on the case. All you'd have to do is pull off the metal looking stickers and mount the tweeters. You'd need to put a tweeter filter cap in between the full range and tweeters of course.
Personally I think that if you did put real ones in it there would be a bit too much treble. The full range drivers are fine on their own.

The SD slot is just like all of the others out there, though unlike the ceap ones it will scan through the track when you hold the I<< or >>I buttons down. It acts just like a CD player in that regard. Same with the USB port. Unfortunately there's no display.

Ipod dock. Yep, it has one. The most basic of controls are there (it acts like a CD player), but the menu isn't accessible though the box's controls. Naturally you can use the scroll wheel on the iPod itself, but unfortunately it's behind the door. I'm half way tempted to just take the door off.

The radio is decent. It's much, much better than the tuner on the Lasonic for sure,but to be honest about it the radio on the Lasonic is one of the worst I've ever seen.
There is one drawback though; They didn't shield the clock circuit and the clock puts off a bit of static. It's not noticeable on strong or even most fringe FM stations but there's quite a bit of noise in between them and on some week stations. AM is about average, though again the clock makes a bit of noise. Also they made the dumb mistake of putting the AM antenna right next to a string of l.e.d.s, so on weaker stations you hear a click every time they light up. There's enough wire to move the coil elsewhere, but I wouldn't attempt this unless you at least sort of know what you are doing because you have to disconnect the dial pointer from the string in order to get the circuit board free. The coil is on the back side of the board.
Even with those issues the tuner does a decent job of pulling stations in. It's no long distance receiver, but it's decent.

Record is FM only for some reason. Why anyone would want to record FM is anybody's guess, but you can if you want to. Does anyone listen to the radio anymore?

Compared to the Lasnic? This thing's built like a tank. It's actually quite sturdy and the plastic is solid and thick. Although it doesn't look like it from the pictures and it looks like something modern trying to look like something from the '80s it's looks are deceiving. It's not as cheaply built as you may thing at first glance. In fact I'm sure it'll hold up quite well for a very long time.

One more thing;
The l.e.d.s are VERY bright. So bight you could use them for a flashlight.
they act as a true v.u. meter too instead of with the output so you can adjust a line in source to the proper level. That's a nice touch. The second red light is about 0dB and the last +3dB.

Oh and it has a clock. Why? Because I guess everything has to have a clock on it now for some reason. lol