Love my Squier Bronco!!
I swapped in a DiMarzio HotRails, and some new vol/tone knobs... and this bass is amazing!! I also, for grins and giggles, drew a black line around the outside of the pickguard to make it seem more like a W/B/W guard than the cheapy solid white.
Anywho, here's my bronco with it's brother-from-another-mother P:
Of your 'con' list; the ONLY one that's ever really been an issue for me is the Intonation thing. I've played this bass for a few years now, and i finally have it reasonably tuned. I have, honestly, liked the bridge enough not to swap it for a 4-saddle version.