I have an Ultramatic UM4 and it's a phenomenal guitar for the money. Given a choice, I'd opt for the newer and better Greg Bennett guitars. But I am VERY familiar with Samick guitars (both old and new) and the pictures and descriptions of Tradition guitars I've seen as I hunted around the web strongly suggests that they are re-tooled versions of some of Samick's previous line of guitars. These are not hands-on 'facts', since I haven't physically seen or played Tradition guitars. Hence, the Tradition guitars are $50 to $125 cheaper (depending on the model) than a 'comparable-looking' Greg Bennett guitar. Grover tuners, Wilkinson Tremolo's, upgraded electronics w/Duncan-designed pickups. What the Tradition guitars do not have, however, is the upgrades that the Greg Bennett line of guitars feature. Samick still sells their old style guitars in Asia (accounting for the other 10%), but they are not available in the U.S. Several of the other Tradition guitar models look like slightly altered versions of Samick's previous line of guitars before they jumped into the Greg Bennett line of guitars.

The Millennium MTP-350 made by Tradition is a dead-ringer for a Samick SPG650FFS (Samick's previous PRS clone before the Ultramatic), including the same vine-inlay on the neck and an identical body. The headstock on Tradition guitars looks like a slightly modified version of the previous Samick line of guitars.

Some of the Tradition guitars look suspiciously close to Samick guitars that were manufactured under their own name (Samick) up until the past two years, when the Greg Bennett line was introduced and took over the majority of sales (probably 90%) of the guitars Samick sells with their name on the headstock. Samick is the largest by far, but also Cort uses their Korean and Indonesian facilities to make guitars for other companies. There are two guitar manufacturers in Korea. I searched around and checked out Tradition guitars and here are my findings, based on what I saw and my prior knowledge of Korean-made guitars (especially Samick):

Samick guitar models