It makes a very good scanner for a moderate number (say 100 or so) of memory channels -- it's what I use mine for. I have the fancy (complicated) Unidens and undoubtedly their scanning and search functionality is superior, but the receive quality / sensitivity / audio quality isn't a patch on the FT-60. The Yaesu hears stuff clearly which doesn't break the squelch on my Unidens.
Since you'd struggle to find a better handheld RECEIVER than the FT-60, ask yourself if you'll do more receiving than scanning. If so, the Yaesu is ideal. Only slight drawback is poor AGC on AM, which causes weak airband signals to sound very quiet. I still prefer to carry my FT-60 for receive when hill walking rather than the plastic toy-like Unidens. It's a proper radio.?