I have the Jaco fretless version, this is the Marcus Miller, fretted version.
They all sound excellent, and a step up on budget basses.
My recommendation is to go with a Vintage modified PJ bass.
It is a it better in sound quality than this one.
This one is okay for slapping.
The VM's PJ's are even more versatile than the J's.
Great bass for the price though.