There was a guy around here that had a KC and he used to say it was a South west. It was a dead ringer for a SW... from across the room. Once the secret got out that it wasn't really a SW he would say it was a KC but then proceeded to give you a 20 minute explanation of how good it is and how "people who play with South Wests say its really close to the same hit." You couldn't look at or talk about his cue without getting the explanation. He'd even have really good players hit with it so he could (hopefully) get them to say it wasn't bad. I think he bought it thinking he was getting a great deal on a South West only to find out he got burned bad.
I had one of these cues around 5 years ago and it was nothing special. I got it with 2 shafts for $50 and sold it for $75 to someone who thought it was going to be worth a fortune in a few years. The inlay work seemed decent but the wood wasn't anything special. The purpleheart was dull and the ebony was mostly brown with a couple dark spots. The finish was thin and you could just barely feel the rings. It was definitely a SW knockoff. It had all the design elements, ringwork style, points and veneers seen in the SW cues.
If I remember correctly the guy I bought it from said he bought it new off of Ebay for about $125. If you compare it to another brand new cue in the $125 dollar price range its not bad. You've got real points, veneers and 2 shafts. Its hard to find all of that at $125 brand new. Quality-wise though they are your typical chinese knock-off cue so like Craig said, don't expect too much.
Dave