Let first start off by saying this, the picture above is the 2012 model, not the current 2013. The difference is that the SCOTTY mount that is in the center has been moved back from what you see, to the flat, closest to the seat. The complaints from owners got the best of Ascend so they changed it. Not a bad idea, but they should have only gone half way, for me anyway. I use spinning reels and where I hold the rod is right in that area for reeling. My bail is constantly hitting the SCOTTY rod holder. It gets annoying.
Other features in the picture that are deceiving are that this looks like a flat bottom boat. It is not. It has quite a beveled hull. You cannot lay it flat it leans to one side or the other.
Now that the myths are out of the way, let me get to what I can. The speed and tracking on this boat is fantastic. It really tracks pretty straight unless you're dragging something like a live well or drag chute or chain. It cuts thought the water very well with the very slim lined bow keel. I also find it a bit hard to keep from feeling like I'm going to tip over because of the hull shape. If I am focusing on tying on a new jig or line I feel a bit wobbly as well.
The rotomolded hull is really thin, so it bends pretty easily. If you tie it down to tight to your car carrier it will ward the hull. It will bounce back but it's still a bit frightening. When you sit down the seat will buckle a bit as well. The Scupper holes that you see on the bottom do not match the top. There are 6 holes in the hull, 2 by your feet, two where the seat is, and two in the well in the rear. Only the ones in the front and rear go all the way through though. The ones in the seat are blocked at the seat area. This means any water that it collects, stays where it is and doesn't drain. There are dimples where the scuppers SHOULD be but it has been recommended by several other reviews to NOT cut through. I have heeded the warning. I'm not really sure what would happen if I did.
The rod holders serve their purpose well enough, didn't like the ones behind the seat but I have learned to deal with them.
The seat is probably the best part of it. Closed-cell custom foam really is super comfortable. Spent several hours in this thing and it was not an issue until the shorts got wet. Then it was the usual swamp butt irritation but not due to the seat itself.
It is listed at 78 pounds but it feels heavier than that.
The only other problem I have with this is that the hull will get water in it EVERY TIME. I don't know yet where it comes in. Even though the hatch at the front is overlapping and rubber sealed, you may want to store whatever you put in there in a dry bag if it isn't meant to get wet.
The hatch is oval and large but it still doesn't allow a lot of storage. You cannot fold the seat down enough to get it in the hatch while transporting. The paddle will not fit because of the expansion foam under the forward portion that is there to give more support to the structure.
For the price this Kayak is pretty good even with the bad things about it.
If you're looking to get into Kayak Fishing with the cost being at a lower price, start off with this boat and work your way through the issues as I have.

For someone brand new to the sport of kayak fishing, this is the boat for you. The amount of features you have avaviable for the small price to pay makes this an ideal starter boat.

A very sleek hull makes this boat relatively fast and cuts right thru waves with no issue. Getting the boat up to a decent speed is easy and the boat will track welltoo. However, this feature makes the stability suffer a bit tho. Reaching for gear in the tankwell can be a delicate operation at times. The boat is a tad on the heavy side. Manageable by one person but no ideal to carry any sory of distance or load onto a higher vehicle.

The additional features of the boat are the selling point. The padded seat (included) is very comfortable and makes sitting in the boat for extended time much easier. Behind the seat, 2 flush mount rod holders and a large tankwell leave plenty of room for gear storage. The large hatch up front also offers good "dry" storage. The front rod holder is in a good position and wont interfere with paddling.

Overll the Ascend FS12T is a perfect fit boat for an intro to yak fishing. While there are limitations, the features and price far out weight the drawbacks.