Does anyone have this rod? What do you think of it? I bought a 7' medium For $49 (with coupon) and so far I am very impressed with it for the price.

I have the same rod.  Many others agree the original (and Elite) are pretty good rods for the money.  My biggest complaint is tip recovery.

What do you mean by tip recovery?

I may purchase this for fluke and senko fishing. Let us know what you think about it because i am considering it

I haven't fished with it yet but like I said so far casting it in the yard it feels very good and well balanced . I am impressed with it for a cheaper rod. Plus it looks good with the split cork grip.

I have a black medium and an elite heavy. Both are very nice rods. 

I use the elite for some Jigs and Frogs and the medium for a number of baits. Lipless cranks, jerk baits, swim jigs... They're under rated rods. 

I also have higher end rods that are task specific. You don't always have to spend heavy for all your rods.