The improvement of quality of the lower-priced gear has certainly brought more bassists into the fold. You can actually get satisfying sound and playability for about $600, and in the hands of a real pro, it can be hard to guess the price of a $600 bass with upgraded electronics and proper set-up, without looking at the headstock. Expectations too high? Nah! For most bassists, it's not the "cheap" bass holding them back. And because the barrier to entry is now lower, there are a lot more bassists, many of whom are giving their "cheap" basses a bad reputation, not from the lack of quality of the cheap bass, but from the lack of quality of the player. That player that shows up for the pit show and can't friggin' read the book? That guy that sits in for the combo gig who can't do "Misty" without tuning down? That guy that needs two weeks to learn a set and extra rehearsals, and that's only if they're not working full time at the ice cream shop? The guy who can't transpose a country or folk or gospel song at the request of the singer and do it with a smile? The guy who can't do the previous even with the Nashville numbers scribbled on a napkin, passed to him by a bandmate who took pity? The guy who can't read a lead sheet they have never seen before? The guy who doesn't know the first thing about EQ and gets a sh*tty sound? The guy who doesn't have the technique to play four quarter notes in a row with consistent articulation and sustain? The guy who doesn't know they're not playing with the drummer? The guy whose technique flails around so much that there's just as much noise as there is tone? The guy who tunes to A440 and cant' hear that it's out of tune with the violinist who tuned to A442? Yeah, all these people showed up with their "cheap" basses because the barrier to entry is lower, regardless of the workmanship of modern cheap basses. It doesn't cost much to be a bass player, nowadays. So now there are more of them, but they all show up on their inexpensive basses, and the additional wannabes make today's $600 basses sound worse than they really are. If someone is un-satisfied with their "cheap" bass, they should first look to themselves first, to see if they're the ones that sound "cheap" before thinking it's the bass. The OP should instead be asking if our expectations of the player are not high enough . . . but that's not good for the music merchandise business.