OK. I've messed with it a bit and here are my impressions....
Fit and finish: Not too bad. The neck isn't finished, but the body (Burleywood) has high gloss to it. Mine had one small flaw in the cutaway where the neck attaches. I'd have to point it out for anyone to notice. The action (slightly higher than what I'm used to) was playable right out of the box. Part of the mount for the highest string tuning peg actually sticks out over the edge of the head, but this is minor and cosmetic. The neck is thicker than my other basses and sturdy. It seems straight. The instrument is very light, maybe lighter than my Hohner B2A.
Hardware: About what you'd expect at the price point (total of $72.99 for me. 70 for the bass and 2.99 for insurance on the shipping). It's all chrome and pretty basic.
Electronics: The pots work well and don't crackle. There is a pretty good range with the tone pot. The pickup is probably the weak point of the whole thing...it takes a lot more "amp" to get the volume out of this bass than it does from my other basses (full disclosure : Hohner B2A and Gibson RD Artist...both active. The Glarry is passive). It isn't really far from the strings. I might be able to adjust it to help with this but, it's a 70 dollar bass- I didn't expect EMGs or anything. There is also some noise when you aren't touching anything. I'm assuming a grounding issue. It really isn't that bad and I might put some foil in there as shielding.
Overall: If you own an American Standard P, this bass isn't going to make you ditch it. With some pickup work, or replacement, it could serve as a backup at gigs. But you aren't going to get that Fender P sound without modding this bass. It is very light. I could probably walk around all day with it hanging off of me without a problem. If I was going to mod it, I'd start with the pickup and possibly a badass bridge or something similar. I'll say this...when I started playing (late 70s) my mom bought be a P bass copy. She paid more than three times what this bass cost, and this one is a superior instrument to mine. I would have loved to have started with this one. While Fender has little to worry about, it is pretty solid for a beginning bassist, or as a sitting at home bass to fiddle with. Probably also a good platform to mod off of.