Everyone seems to be moaning about the look M&H bats, but when have they ever looked overly nice? Same with Screaming cat, but nobody ever seems to moan about them... Looks will not determine how good a bat plays, other factors such as pressing etc are more important. Grains look fine to me, and only time will tell with a bat as to whether it worth the price tag through performance... They seem to have positive reviews on here with their bats so are obviously doing something right.
Possibly the counterbalance and "pro handle" statement in their decription is to just warrant the £50 extra price tag than the description. I expect they will sell quite a few, seeing as its a lot to pay for a bat, and people will regard this as meaning the bat will play better too.