Got this a couple weeks ago - but just got off the schnide and got it set up proper and played with a guitar and drums.
Before my review - I have to disclose that I am NOT a PBass guy. I've owned 3 before - 2 Squiers and a MIM. Never liked the way they play, but have been craving the change of pace in the tone. I'm a jazz guy.
So anyway - I got it in and it's in near perfect condition. Pickguard still had the plastic on it (Must have been sitting for a long time because Rondo hasn't offered this model in years- maybe a year anyway?) The only defect was some gloss smudge/imperfections where the neck meets the fretboard. you can barely feel it and even though it looks terrible when you look at it - you never see it from any angle other then when playing.
Stock strings were on and action was like a tightrope. Neck was perfectly straight. I threw a set of Fender flats on and adjusted the action to my liking. May replace the bridge - the E string was a bear to thread through.
So I plug it in and I was amazed. Two noteworthy items:
1. This neck is not the typical baseball bat you get with a Fender(Squier P). It may even be more shallow than the MIM I owned for a few months.
2. Holy shnikes is this pickup hot!
Playing through my PF-350 and double 210AVs I noticed a significant "roundness" and "thump" as compared to my Jazz (probably more of a characteristic inherent in any P design) but nonetheless, it was incredibly clean and fat. Combined with the fact that I moved around the fretboard almost as easily as my American Std Jazz - I'm thrilled!
Ran me 170 shipped off EvilBay. Ubelievable deal.