It is somewhat low... but pay attention to the price. For a 550W, independt rail, well-built PSU you don't have to sell your shorts. 🙂 I had no difficulties in running an A64 @ 2250 MHz, 2x 512 MB TCCDs @ 250 MHz, 1x 6600 GT, 2x 7200 rpm HDDs etc... with this exact Gainward. Of course, the rig was not as power hungry as one fit to slay 550W of real power. But I can tell you that the 12V line never even moved by 20 milivolts under load. And so, taking into consideration its price, I doubt that more value for money can be found elsewhere. 🙂
Don't take this wrongly... there are better PSUs out there, but this one Gainward impressed me quite a bit. The only real thing that bothers me is its noisy character. 😛