I own an NJ Warlock and I wish now that I had never purchased it, even if I paid only 300$ for its unplayed mint condition. Now I'm furiously scraping together the requisite funds to invest in a Schecter C-1 Classic, which will undoubtedly be a much finer instrument.

The thing sounds like cardboard to me. I'm going to completely dismantle the instrument and sell the pickups/faux Floyd Rose/tuners on E-bay for a little extra cash. I don't know what I'll do with the actual woods ... possibly make a coffee table or something.