I just picked up a 55-02 from a fellow TBer yesterday for a very reasonable price. So far I'm very pleased but I will have to take it in for a set up because the action is much too low in first position. I thought it might have been the strings, but I think it probably needs a set up. It is interesting going from a Peavey Millennium Plus to a 55-02. The Peavey had a thinner, faster neck and had narrower string spacing. The B strings on both basses are about even since both are well made 35" basses. What shocked me was the difference in sound. The Peavey is versatile, but the 55-02's coil splitter makes a big difference. This bass can almost completely nail a Jazz bass sound. I had played 55-94s before and I loved them, but I had not noticed how close it could get to the J before. The big Bartolini humbucker is nice. I know it cannot compare to a SR5 in terms of power, but the pickup is versatile. It sounds great soloed in all three switch positions. Overall, this bass has a really nice Fender kind of vibe. Of course it is well put together. The output of the preamp is awesome. This bass can generate a ton of booty. It is funny that once I find that I am going to Basscentral in a couple of months, I keep running into great deals. Although I have to get this bass setup, I think I'll really enjoy it once I get it dialed in. I have no predictions on how long I will keep it. I have been through so many basses lately, I feel goofy claiming any bass is "the one." That said, the 55-02 is pretty much at the limit of my budget, and I have wanted one for about two years. That said, I do still miss my old SR5 and I could be happy with a nice budget five like a MTD Kingston.