I have one of those (metallic red, 2004 vintage) which I got from the same seller. I'm in Canada, as is he.
My opinion is not overly valuable, because I'm just a hobby player with very limited skills, but I'm very happy with this guitar. I think it was a fantastic bargain for the price. It plays nice, sounds nice and the finish is great. It's a bit heavy, but that's the nature of the beast.
The auction description with mine was exactly the same as with the one you're looking at. It's definitely a Canadian market guitar and seems very similar to the other Love Rocks you can buy from that seller and others.
As one small difference, the headstock on mine doesn't say "Love Rock" on it and if you look at the pictures, neither does the one on eBay. The Tokai inlay is there, but the decal isn't. I'm not sure why that is. Guess they decided to save a few pennies on a decal. The serial number is there on the back though, in exactly the same spot and style as with the Love Rocks pictured from other sellers, and the serial number is in range with those I've seen on MIK Love Rocks elsewhere in Ontario. My feeling would be that it came from the same batches as the other MIKs around here but just doesn't have the binding.
The nut is supposed to be bone, but mine is black and might well be plastic. I honestly don't know how to tell. It's well cut anyway and the guitar's action is great with no buzzing. The intonation was dead on when I got it.
I don't have any real basis for comparison, as far as real LP studios go, because the only real Gibson I've ever owned was a Corvus. It was a cool guitar in its own oddball way, and I regret having sold it because they're hard to find these days, but the quality of the Corvus (early 80s Gibson) was nowhere near as nice as my Tokai. Build quality on the Love Rock is excellent.
As a matter of taste, I've always liked the look of LP Studios the best. I think binding detracts from the looks of a guitar. I'm probably in the minority there, though.
Anyway, if you're looking for a Les Paul style guitar for a decent price, I don't think you'd regret getting that one.