Sorry to bump this old thread, but I just scored what turned out to be a late-'90s MIK 12-string on Craigslist. I was a bit bummed, since I had already seen this thread and had my hopes set on a new MIK one. (Biggest difference not already pointed out here is that the late-'90s has a maple headstock instead of a matching headstock, which I prefer.) But for less than $200 out the door, I can't really complain. Plays and sounds great.