Yea it's perfect for Fender sounds, there's some really good Fender reverbs on there too, the book is there with it so it will probably tell you the best way to go with your telecaster but pretty much anything you do will come over with a very blackface vibe,
The first channel e.g clean is pretty much just a pro junior but louder, so you can even get it to drive at the right volume but when not playing so loud the presets are great.
The normal channel on it's own is class but you can really extend the pallete with the amps/effect modelling on there.
I just didn't really use it as my main amp is a Fender Deville (too loud for house) so I bought an orange rocker 30 to go in between the two Fenders and I find I only really use that as it's good for house volume.
Anyway im loving the guitar as the change is just what my playing needed, I have had a couple of weeks off but now i can't seem to put the Yamaha down!
I have a marshall dsl which has been my main amp for a while and I do like it very much but it obviously doesnt do Fender cleans like the superchamp and with the effects it makes it a verstatile little amp.
I think it can be plugged into a bigger cab as well.
The yamaha is a nice semi and im glad its working out for you. Iv had a few semis and always convinced myself I need one, till i get one that is - I think its the size of em!!!