i know RGs wouldve suck without their necks but hey... they're not that bad

Generally older RG guitars are either fitted with the Edge, TRS or the Edge pro 2. Newer ones would be the Edge pro and the Edge pro 3(2005). The Edge and the Edge pro are considered tobe the better ones among those listed, mainly because its well constructed and it doesnt break that easily (vai anyone?)
These are highly reliable and most ppl even think that they're on par or even better than the original floyds ( well its pretty biased considering the fact that that group of "ppl" are all RG users)

Most of them are made of Basswood, which is quite light if compared to Mahogony.

Sound: Most ppl think that RGs are "metal" guitars, well personally i think thats just full of crap, the tone does not come from the wood of the guitar yo. Its like saying that strats can only be used for country and blues.

Pros:
Reliable. Very solid and playable.
Cheap? Well the higher end RGs such as the Jcustoms, prestige, Jems, JSs are all available to guitarist at reasonable prices(imo). You money really goes to the construction of the guitar itself and not the brand(not that much )
Light. As ive said b4, its light. Wont break your neck
Neck. Wizard I and II(most of them), thin, fast and smooth.

Cons:
Pickups. the Vs, Powersounds, IBZ Dimarzio. Well... some would disagree with me on this but they suck. Sorry if i offended anyone but dont just take my word for it, go and try it on your own or look up the net. With a neutral body such as basswood, its essential to have decent pickups (Kent Armstrong, Dimarzio, SD, EMGs, Tom andersons etc)
Finish. Man... im not sure if its only me or not, but the RG that i have chips very easily. For someone like me *ehem its not easy to "not" bang into something. I learnt this the hard way... only realise the few chips after a few days, yea pretty sad.

Hopefully this sums things up. Eventhou they're pointy but they're not metal guitars