Yes, I have Mylar on 4 or 5 fretless boards at the moment. I found an old thread but the pictures lost their links.
I did not come up with this myself, I read about it here on TB, and found a few references elsewhere in the interwebs. I can't speak to the finer points of packing tape formulations, but the Mylar I obtained seemed more robust than any packing tape I've ever used, and the adhesive was stronger as well. I was skeptical at first, but I was refinishing a Wishbass, and wanted to keep it easy, inexpensive and clean. The Mylar feels great under your fingers, and offers very good protection. I can't identify any notable difference in tone, unlike the one board I had epoxied. The epoxy sounded different, even if only a little bit.
As for durability, it seems pretty solid. My longest application is about four years now. The bass has not been put through rigorous playtime, maybe 20 hours, with Nickel rounds. The Mylar shows some dulling of the shiny finish under the strings, but no real change in the surface, as in dents, pitting, or grooves. The reason I was willing to take the chance in the first place was because of how easily you can reverse the application. I haven't done it yet, but all you have to deal with is some "goo-be-gone" to remove the adhesive. Even if you managed to chew up the Mylar, which seems unlikely to me, you could always reapply. The only drawback that comes to mind is the challenge of making it neat and trimmed at the edges. I used a razor blade, followed by a little sanding, (just the edges). Some edges are practically seamless, some, not so perfect. Here is a quote from a previous post.
"Rediscovered the Mylar option while searching for info. Found some 2 mil self adhesive Mylar locally. Tried it on 861. Love it.
Mylar vs. Epoxy:
Look and feel, 70% as cool.
Protection, we'll see, supposed to be 100% of Epoxy.
Price in materials per bass, Mylar, about a dollar.
Time to install, less than 20 minutes.
Probability of getting it right the first time, 90-99%
Skill level required, that of an average 8 year old, with good coordination."
I also really liked that the application was Non-toxic.
My company is moving from Burbank to Hollywood early next year. Bruce, if you find yourself visiting your old haunts and give me a days notice, you could always come by and lay your hands on a Mylar coated board. Maybe when you get a hankering for the Tally Rand? or maybe nothing draws you back to Burbank………..