Yup. Don't look down on Indonesian quality. Those $999 Marlique guitars that SV brings in are Indonesian made and they really feel and sound like custom shop instruments. At least to me. I've never played an electric guitar (a Gibson LP included) that felt as finely made as the Marlique.
Personally I think quality depends on the individual factory. There's a reason why MIC Ibanez are pretty well made while MIC Epiphones are badly made and still get the pass...
I think people look at the country of origin too much. The only factor that really affects quality is the stringency of the particular factory. The government of a country, and the people of that country, don't set the standards for guitar manufacture. The management of the factory does.