I was working at a guitar store when I saw that they had "re-issued" a bass nearly identical to the one I owned in high-school - my dreaded '77 J. 3 bold, heavy, too much finish - just bad. Of course, the re-issue was actually *much better* than the original because even Fender couldn't bring themselves to make a bass that bad on purpose!.
Yes, that is Fender's way of saying "Sorry, we really screwed the pooch on these back in the 70's. This is what we should have been making"
vs a BASS!