I actually just bought a travel electric- a Lapstick. http://www.lapstick.com
Got to admit- I've have never paid the $700 or so they cost new, but I got it secondhand, in great shape, for around $225. (guy had overspent his budget, and needed to sell fast.)
And...it does FEEL like a higher-end guitar than I'm used to, to tell you the truth. Very compact, probably the smallest guitar I've ever seen. Good sound, clean or dirty. (Clean, think tele. Dirty, think...heavy.) Nice action, just feels like quality.
I thought that the short scale would bug me. (17". Yikes!) somehow, it doesn't. After I've played the lapstick exclusively for a few days, somehow my regular axe just feels EASY to play, though.
I really love this mini-geetar- it's a piece of art. BUt there are pros and cons. If you tune it standard, which the maker doesnt' really recommend, the strings are sort of ...loose. It feels absolutely great tuned up to A (Standard intervals, just 2 1/2 tones up.) If you're just practicing the fingers, you can use the same fingerings as always, and just play in a different key. I like to sing when i practice, though, so I'm always having to transpose and change fingerings...