what sound are you aiming for ? if you go with a P and 2 J's in parallel (like 1 humbucker) then in essence you have a 2 PUP system, just with a fatter sound from the J side. on the other hand with a J + P + J you'll have a Stu Hamm Urge PUP arrangement which gives you more tonal flexibility (depending on how you wire it)
Stu Hamm @ NAMM :
http://www.youtube.com/watch?v=xqqn_hrswsw&NR=1
this is how fender wires the Urge ll
3-Position Mini-Toggle with Dynamic (Pan) Control:
Position 1:
Pan Control Full Clockwise: Front Jazz Bass Pickup
Pan Control at Mid Point: Front and Rear Jazz Bass Pickups
Pan Control Full Counterclockwise: Rear Jazz Bass Pickup
Position 2:
Pan Control Full Clockwise: Front Jazz Bass and P Bass Pickup
Pan Control at Mid Point: All Three Pickups
Pan Control Full Counterclockwise: Rear Jazz Bass and P Bass Pickup
Position 3:
P Bass Pickup Only