Well, I've had several GT bikes (old BMXer as well) and several before they were bought out by Pacific. I've seen the "post Pacific" bikes and they appear to be fine. For $45 you really can't go wrong. I say, "Go for it".
L8iR
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"Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
"Your Bike Sucks" - Sky Yaeger