First acoustic mix!

Hey guys, my friend does acoustic music.
We were chilling and ended up recording some stuff just to mess around.

I want to do him a favor because he's my brodudemanfriend and make his song really presentable. Unfortunately, I don't listen to acoustic music that much at all, so producing it is kind of weird.

http://dl.dropbox.com/u/9992828/The Party Song.mp3

I would love opinions on what we have done. Maybe pointers too?
Thanks guys!
 
Ease on the reverb, well at least for the guitar. Otherwise sounds ok, not that much going on so not that much to comment/critic.