I ordered this bass knowing that it had a good reputation for its sound, but not costing a lot of money. It lives up to that very well.
I've owned USA Stingrays - 5HH, 4HS, 4H models - and USA Sterling - 4HH. This model doesn't have the gloss finish, the Schaller tuners, or the nifty bridge. But what it does have, in spades, is the Stingray sound. Plus it is lighter than many USA Stingrays I have tried. (Mine weighs about 9 lbs).
I'm a fan of the 2 EQ band setup over the USA 3 EQ band setup, and I love that the cheapest model in the whole series has a Jazz width nut/neck, the body with a forearm contour, and it's not heavy. I'll take this over any of my previous USA models because of its value.
The fretwork is excellent. I have straightened the neck so it has very little relief, and lowered the action to about 2mm at the 12th fret for the E string and going down to 1.5mm at 12th fret for the G string. That's a very low action, and the fretwork has to be good to allow that - kudos to the manufacturers.
The elbow grease needed to make it play as well as its USA cousins is to file down the nut. Like most cheap basses, they cop out on doing the fiddly job of correctly filing the nut down. Fortunately, I have some Stew Mac nut files which I use for this kind of work. With some careful filing and checking/rechecking, I fixed this issue.
So, after I filed the nut and did a final setup and intonation, I then had to lower the pickup height a little. As I lowered the strings with my setup, the sound became a little bit too bassy, as the pickup ended closer to all the strings. I used the EBMM website advice here for Stingray pickup height; they said it should be 7/32" from bottom of strings to the plastic top of the pickup. This sounds just right.
The neck depth is a little deeper than a typical Jazz Bass, but not much. More Precision like. But the nut width being 1.5" keeps it very comfy for me. I like it a lot.
Out of the box, the bass plays not badly and is set for a medium action. For me it feels stiff in the first few frets and goes slightly out of tune there when playing notes. I would say the nut filing work is more or less mandatory to make it proper. But once you do that, it's an absolute peach.
Buy one. If you can't do nut and setup work, take it to a luthier for this and a proper setup. Then you're pretty much done, as far as I'm concerned. USA 2 EQ Stingray sound for very little spend.