I used to own one of these and I must say, in the end, I wasn't super impressed with it. Depends what kind of music you want to play I guess - I was playing in a Hard Rock/Metal Led Zeppelin-style band and the crunch on the amp wasn't really giving me what I needed. My co-guitarist's Marshall Jubilee used to blow it away all the time.
For overdriven leads it was okay, but you had to turn it up really, really loud to get anything decent out of it.
Apart from those gripes, it was reasonably versatile, but I wouldn't want to own a Laney again (it was expensive too - Ib ought mine for 650 pounds sterling about 5 or 6 years ago - that's SGD $1950 - I believe they are still listed at roughly that price). Also, the thing was back-breakingly heavy - over 45Kg. try lugging that to your practice room every week...