I'm not too sure about this 80s thing, I think they were made later. I purchased mine brand new in the Fall of 1994 for $299 CAN (at the time CAN = 0.74 USD). It was ordered through my musical instructor at my local Ontario Conservatory of Music school in Orangeville, Ontario.
Are they good guitars? Well, my best friend who I was taking lessons with bought a guitar at the same time from a music store. It was a Barracuda, and it was $279. That was the going price for Korean strat copies at the time. Honestly I'd say the El Degas was noticeably better, but it is no where near the quality of a MiM from the same time period.
However, I still have the guitar because a) it was my first guitar, and b) it's still fun to play. The stock electronics were pretty much junk. But the rest of the guitar has held up pretty good. I never play it plugged in. It sits on a stand in my TV room and I pick it up and jam when I'm sitting around or waiting, or whatever. It holds it's tune perfectly with stock tuners. It sounds great acoustically and is fun to play for just messing around.
However when I want to practice properly, I always go to my 98 MiM strat that has everything upgraded except the stock neck and body.
*EDIT* Here are some pics of the guitar for reference. *EDIT*


And here are the high res versions so I don't bloat the thread. Click the photo at ImageShack to get the high-rez.
http://imageshack.us/f/209/mikeldegasstrat0.jpg
http://imageshack.us/f/204/mikeldegasstrat1.jpg
http://imageshack.us/f/40/mikeldegasstrat2.jpg
http://imageshack.us/f/32/mikeldegasstrat3.jpg