Joao:
I have an '88 AF200. At home, I play it the most of any of my guitars. That's because it has very good acoustic sound and is perfect for practicing without an amp.
The neck is very similar to the other Artist guitars that I love to play (AS200, etc.), so practicing on the AF does not create a "feel" problem when switching to the @!## or ARs.
Unfortunately, playing it mostly unplugged puts me at a disadvantage in being able to recommend it's electric qualities. I can say that it's loud. I've never had it turned up loud enough to feedback. But I've never used it in a jam with someone else, either.
I got mine for $670.00 US on ebay in May of 2001. It's in 9.0+ condition with an excellent hardshell case. I saw a used one at a recent guitar show (June '02) and the dealer was asking $1100.00 for it.
Having said all that, I wouldn't pay $1200 for anything for a beginner.

If you paid that much and gave it up, I think you'd have a hard time getting your money back. However, if you really want to spend $1200.00 you could probably find a '78-82 George Benson model, play it for a year and if you decided to sell it, get what you paid.