I always felt the same way about fender acoustics and for whatever reason, I just assumed everyone did, but I admit there's no reason to assume that without any personal evidence or experience, which I don't have.
So I ask this with no disrespect to anyone, just genuine curiosity, but are they or have they ever been highly regarded?
Truth is, I never likes Gibson acoustics, at least the ones I've played (80s or 90s). How are those these days?
I realize that this a thread to heap disgust, hatred, derision, apathy and downright dislike on Fender acoustics so maybe I am out of line. Maybe they all deserve it except for mine.
I was shopping acoustics up and down the range a few years ago. I played everything I could including the usual favorites. I was out of town on a business trip so, as is my custom, I stopped at a local Mom and Pop music store. Again, played up and down the range. I was about done and saw a Fender acoustic and thought I would play it and probably instantly dismiss it. Neck's good, sounds nice, very comfortable, I like the size. Nope, I'm just tired after a long day. I put it back. The next day right before leaving town I thought I would see if it was temporary insanity. All good. I loved it and bought it, $300 Fender cf140sce.
Still have it and really like it. No cracks, no body bowing, the bridge didn't even pop off. So there is my tale. Believe it or not. Carry on.

