All the folks I know who bought a PRS either loved them or hated them. It seems that the majority of people I know who didn't like PRS guitars were former strat players who bought a PRS and then went back to their strats.
PRS guitars are sweet, but in my opinion, way overpriced. Especially considering that the neck heel (as someone mentioned) is a real design flaw, as well as the fact that contrary to popular belief, most of the PRS models are not hand machined.
But I agree...you can get some guitars built to the same quality for much less. It seems that the major manufacturers, whether PRS, Gibson, and Fender, are doing their best to price themselves out of the market.
Guitars: 2003 and 2004 American series strats, Squier Classic Vibe 50's Strat, Squier Deluxe Strat.
Amps: Line 6 Spider IV 120, Vox AD50VT 212, and Peavey Transtube Bandit 112.
Pedals: Digitech Bad Monkey.