I owned the Variax 700. It was a very good guitar. Excellent craftmanship, one of the best necks I have ever played and the sounds were very close to the originals.
I had to sell it, because my amph belw so I needed some money to buy a new one. The variax had to go, because I found out that you can not substitue the real feeling of a Tele, Strat or Paula virtually. As I own all these other models physically I had to say goodbye to the Variax.
Anyway, I miss playing this guitar specially now as I do lots of recording.
I think if you confront this new trend open minded you can be very happy with the Variax/digital guitars.
"A lot of people in the industry want to blame downloading for the state of the business. But I think if most music wasn't shit to begin with people wouldn't be downloading it for free," - Corey Taylor (Slipknot)