ESP makes great instruments and LTD stuff is very competitive at the price points they offer. The problem with ESP is that the majority of what they -and their related brands- offer is not available in the USA. Also, here in the states they seem to concentrate mostly on the more "metal" and "aggressive" designs, so that they have gotten a pushed a bit into a certain niche.
In my experience my LTD Vintage 214 (a P clone in P/J config) fretless is one of my favorite instruments. Well made, looks good, sounds good and sounds great now that I've installed a set of EMG Geezers. It was MIM quality in almost every way except electronics at just over half the price. Unfortunately they have just discontinued the "Vintage" and now they only make the sort of compromise (p/ j setup with smaller P-ish body and J neck) AP series which is of exactly no interest to me. The Vintage 214 and Vintage 204 series' are defintitely worth keeping an eye out for on the used market though.
Still, if you're looking for a new bass and there's an attractive LTD in your price range you'd be doing yourself a favor by checking it out.