[quote name='jaso']You were probably set on getting that Oscar-Schmidt before hearing any of our other suggestions anyway, but now I'll chime in:
Listen to the poster who recommended the Ibanez electrics and Washburn acoustics. Here's an example of an Ibanez in your price range; they're great rock/metal guitars for the money:
http://www.musiciansfriend.com/srs7/g=guitar/s=electric/search/detail/base_pid/519417/
The previous poster who made this recommendation obviously knows what he's talking about because Washburn's D10 series of acoustics (his is the acoustic-electric) are considered some of the best guitars available under $500. You can find a Washburn D10 at most retailers for under $200, and if you check eBay you could find it for less than $150, which seems to be your budget. Here it is at musiciansfriend.com:
http://www.musiciansfriend.com/srs7/g=guitar/search/detail/base_pid/515152/
I wouldn't say an acoustic is better to start with because most people familiar with guitars would agree that electric necks are thinner and the action's typically dropped lower than an acoustic. But the learning on an acoustic does make you a better player on an electric, believe me, and on top of that you don't have to shell out the cash for an amp.
(side note- Oscar Schmidt guitars are cheap Washburns, just like Squires are cheap Fenders... be forewarned)
And if you do go electric, get this amplifier...
http://www.musiciansfriend.com/srs7/g=guitar/search/detail/base_pid/481958/
I own one and I love it.
Remember that you only sound as good as your equipment. If your equipment sounds like crap to start with, you're not going to want to keep learning.
Just my two cents.[/QUOTE]
Reading all the reviews it seems like the Ibanez gets out of tune very easily and it seems to be a hassel.
The squire seems like a brand that's "laughed at." Also the look is kind of lame.
I also wanted to know whats the difference between a semi-hollow and a regular electric guitar?