Although I've never played with one, for $1200 I would have to look at the Birdseye Lambros that I saw on here yesterday. I heard they play really well and that one comes with all the rings and three shafts. Seems like a pretty good deal.
A few "playing" cues that I would recommend:
Cory Barnhart, Tim Scruggs, Mike Johnson (Jensen), Joe Callaluca, Bluegrass, Steve Klein, Kenny Murrell, Jeff Olney....and lots of others.
You can find cues from each of these guys within your price range.
I have cues by a couple of them ( www.bamacues.com ) and they would fall within your range.
Joe
That's an easy one !
Plain Jane Blue grass from Richard Harris :wink: