I want a Strat, but have to go economical.

What are the good and bad features to look out for (and not the obvious like the top half of the neck missing).

I've heard a couple of good things about MIM Squier Strats, but not sure how difficult they are to locate.

Here are two Squiers I'm looking at:

http://www.squierguitars.com/product...tno=0301200505

or

http://cgi.ebay.com/ws/eBayISAPI.dll....cWAT.m240.lVI

The color is what attracted me to this one.