Looking at the build specs on the M40 it seems to be a very nicely appointed small acoustic.
I tried a M120 a few years ago with a 1 3/4"and really liked it. I was very surprised at how nice the guitar was.
Love to check M40 1 3/4" nut and the spruce top.
Five guitars representing the better percentage of classic small-body styles: Epiphone EL-00 Pro, Simon & Patrick Woodland Pro Parlor, Guild M-120, Loar LO-215, and Martin 000X1AE.
Sounds great! With this and Walter Broes' recommendation about other Oxnard Guilds I'd be keen to try them down here in Australia but no one seems to have any. With our crappy dollar and the ripoffs retailers here do, the MIC guitars at least look like they have MIA prices!!