Ibanez is not overrated but owned by many. I prefer to be a bit special and go for less popular guitars. Just personal taste.
i just have to say this about ibanez:
everytime you hear a rookie who wants to start out on guitar, and wants to play hard rock or metal, people will recommend ibanez, or the rookie himself will target ibanez as the 1st and foremost brand to consider. so it's like whenever you bring up the rock or metal genre, you hear ibanez. the response is overwhelming and i always think aloud "oh no, not ibanez again!" it's as if ibanez is the greatest thing since sliced bread!
the thing is, ibanez makes decent guitars at every given price point, not stellar but decent. but are they really as good as people think? are they the best at what they are supposed to do (rock/metal)?
i suppose their low-mid priced guitars are still ok, not the best but ok, but once you get to their higher range it's still the same old formula of basswood. i don't know about you guys but i won't pay too much for basswood guitars. ibanez seems to have struck gold with basswood. they seem to be the 1st company to start using basswood for guitars back in the 80s and they have stuck with it till now. it's a cheap wood and they did it to keep costs low. their persistance paid off as artist endorsements propelled the popularity of basswood and basswood has become a widely accepted wood for guitar bodies. but basswood is also dead sounding. the thing i dislike most about basswood is its softness. for fixed bridge guitars its still ok, but for whammy guitars you can loosen the mounting holes for the tremolo due to its softness, and it dings easily and you can easily loosen the screw holes too.
when you think of ibanez, you think of their RG and Jem series, the flagships of the company. i think these 2 shapes are ugly as hell. look at the 2 body cutaway horns, too thin. unlike the strat which is much better looking and whose beauty survived the ages, the RG and Jems are just ugly due to the horns. it's like an anorexic version of the strat.
i'm neutral about their other guitars such as the S, SA etc. i think S is ok cos some of them use mahogany and the design is pretty sleek but then it's behind RG in popularity and is not the 1st model you think of when you think Ibanez.
the overratedness gets worse when you get to their higher range. $3000+ for a current model jem7vwh or a universe? do you know what materials are their inlays made of? are their features really top of the line? or $2k or $3k or more for a Prestige or J-Custom that uses basswood for their bodies? buy a Prestige and still need to fork out more money to upgrade to seymour duncans or dimarzios?
and i absolutely cannot stand the way they name their models. rg550, rg560, rg350, rg321 etc... it's like nokia phones! so confusing! and they have SO many models even within the same range! just count how many different models there are in the RG range!
when people think of shred guitars, they think of ibanez. let's just say there are better brands out there when it comes to shred guitars. Jackson, Charvel, old Kramer, ESP...