Last weekend I shot my friend's new Bushy 25th Anniversary Carbine, which is essentially the same gun. Pretty neat! The pistol grip and stock are quite comfortable. The forearm is ok, although if I wasn't going to hang all sorts of doo-dads off it I'd prefer a regular M4 handguard.
As for being worth $1200, that's kind of hard to say. If you have the $$ and the want/need for this kind of rifle, I guess it's worth it. "Worth" is really very subjective.