It looks decent for the price, I've never owned a Yamaha but I know they have a good reputation for making guitars that are suited for beginners. To be honest, there's not going to be that much difference between guitars of that price range in terms of sound.
Also, why the hate for classical guitars? I got one during the summer and I love it. I'd been wanting to learn some classical pieces and a normal acoustic guitar doesn't allow you to achieve the desired sound. I've had to learn a totally different style of playing for the classical guitar but it's enjoyable, I've only just got my head (and fingers) round playing triplets.
That's the best thing about the guitar, there's always more to learn and improve on.