A good uke...
The Michell MU-100 isn't a great uke, but I rather like its tone. I'd describe it as mellow, yet bright. I prefer the 100 over the 70 quite a bit, and would consider it well worth the difference in price. However, everyone likes different sounding ukuleles, so you might like the tone of the 70 more, or you might like neither at all.
Overall, I consider it a great uke for its price, even if it is a laminate. It sounds perfectly fine, and is built solidly. Heck of a lot more solidly than the Corbodas from the same price range....