I purchased a Big Baby several weeks ago and now believe this guitar is an either an anomaly, a mistake or a social experiment by Taylor. I cannot figure out how a $400 guitar could sound this amazing or play this incredibly. It easily sounds as good as some $1500-$2500 guitars I have played, only lighter and more comfortable! Just an amazing instrument, overall. I have had a very difficult time putting it down.
I did extensive research before I purchased this instrument, carefully comparing many guitars. The Taylor guitars emerged, without question, as some of the warmest, most resonant and playable acoustic guitars in any category. The 200 series was out of my price range and the 100 series is essentially made from the same materials as the Big Baby. The price difference allowed me to also get a nice molded case and sound hole pickup and I have a very versatile guitar for everything from song writing to recording to camp fire strumming and late night, living room jam sessions.
Some of the things I really like about this guitar (besides the great tone and action and name 'Taylor' on the headstock) are the natural grain of the unfinished Spruce top, the updated yet elegant shape of the pick guard, the rich ebony fretboard, and the most understated feature: the very muted but very cool laser-etched rosette.
For anyone concerned about the laminate back and sides, consider this: I upgraded from a very decent, all-mahogany guitar which, by comparison, sounded like rubber bands stretched across a shoebox. Also, the laminate is more durable and much more resistant to environmental factors such as humidity.
In summation, this guitar represents an incredible value in terms of playability and sound for the money. Now, if they would just do something about the name...