I wanted a Soprano ukulele since I already had a concerto and wanted to go for a higher-pitched sound. The Grace VDW soprano uke totally delivered, it has a very nice sound. The instrument is beautiful, with nice touches and awesome colors. Everything you expect from a Fender instrument :).
On the other hand, the instrument's finish makes dirt and grease very visible so you have to clean it constantly. As other comments say, I had to tune it every 30 mins when I took it out of the box, but I've been playing it for 5 days and now I only tune it every morning. My only complaint is that it comes with no gigbag, nor any other accessory, so consider that you're gonna have to spend extra for the bag.
I wanted a soprano uke, but given the choice, I would definitely go for the signature Grace Uke (the larger one). It comes with the gigbag, it's electric and comes with three free months of Fender play.
All in all, a good purchase, good sound and nice looking, but not the best bargain. If you don't care for the looks, definitely go for a cheaper one. If you're a Grace VDW fan, I recommend buying the signature instead.