My suspicions have been confirmed. Squier's QC has surpassed that of MIM 7enders!
I went to my local GC today and I played some basses. I tried out a 7ender Player II Jazz Bass and it was not worth the $800 price tag. The fret edges were rough, the pickups were quiet and brittle sounding, and there were small marks all over the bass, particularly on the neck. This is a brand new bass that had come in within the last 5 days (I know because I was at GC on Sunday and there were no Player II instruments out yet).
What's more is that I tried a $200 Squier Sonic P Bass after putting down the Player II Jazz. The fretwork was exactly the same, but the pickup sounded hotter and louder. I didn't expect to enjoy that bass as much as I did both for the price and compared to the MIM 7ender. There were also very few marks and imperfections on the Squier.
The 7ender is 4x the price of the Squier, despite both basses having similar levels of QC. Country of origin is the only reason why.
There's a Japanese word that I learned about in high school business class that means "constant improvement": kaizen. Squier has been embracing the kaizen philosophy in their basses since I started playing bass over 15 years ago. Their improved QC at a great price point ($200 - $500) is amazing, especially compared to what's coming out of Mexico lately.