IMHO, Shakespeare reels are decent, but not top of the line.

I don't know why - the rods are great, but the reels are a bit on the cheap side, and parts are almost impossible to get.
That said, for the price you paid its a pretty good reel. Give it excellent care, meaning regular teardown, cleaning, lubing, and it will last a long time.
Especially if you fish fresh water.
I fish mostly salt water, and my preference is the basic Penn/Ugly stick combo.
Rugged, smooth, and
parts are readily available. Finding a bail spring for a Shakespeare or a Diawa can be an excersize in futility.
An added benefity is that Penn reels are one of the few products still [mostly] made in the USA.
The salt water environment is hard on reels, especially the bail springs.
I guess the choice boils down to how much are you going to use the reel vs. how much you want to pay.
[This message has been edited by NEPTUNE (edited 05-21-2008).]