I currently own this:
Just bought it as a practice amp because my Fender finally crapped out on me(the thing did last like almost 10 years though)
I have the combo version of this on Layaway:
Wanted this for several reasons. Canadian made, affordable, quality, fantastic 2 year warranty, can go from 50 watts too 15 at the flick of a switch, has a great Classic Rock and Classic Metal tone when you get the settings right, etc etc.
Only real drawback is that it doesn't have any super distortion capability built into the tone options, but I have a Boss GT-8 so... plus, you can always buy other pedals if you want more overdrive/distortion.
I'm hoping to get this amp one day, but alas, unless I get it ordered straigh from England without a middle man, it'd probably get pretty costly:
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Laney Ironheart. Great amp, got a similar watt control feature to the Traynor, but instead of either 15 or 50 watts you can literally turn a dial and go anywhere between 1 and 30 watts, pretty amazing.