I cannot believe how some people act like Alembic just builds a better bass than the master builders at FCS. Most people who have played CS instruments have only played team builds. I have a hard time believing Jason Smith or any other builder in Fender's Custom shop is not just as good at building basses as any other name luthier, especially seeing as the guys in the FCS probably see a much more diversified type of work than most boutique shops.
Also, for those blasting the price, we are talking about a truly unique Fender. If you called up Alembic or Sadowsky and said "I want something unlike anything you usually do" I would imagine most of them would just tell you flat out "no we are not interested on taking on that project", and if they did, I bet the price would be far higher than this Fender.
For me, the argument isn't whether Jason Smith is as good a builder as the Alembic or Sadowsky crew, but whether he is $3000-$7,000 better, depending on whose building.
I know Michael Dolan, former Alembic builder who has been building since 1977 could put one of these together, and it wouldn't be 10K. His prices start at $1700 and go between $2000-$3000 for something custom. When I say custom, I'm
not talking about a Fenderesque bass with 3 pickups in a custom color.
I have not had the pleasure of playing a Jason Smith built CS but I do own a Fender CS 60's jazz from '97 which is like a Master Built considering who was building back then (Jay Black, John Cruz, John Page) and considering there were far fewer people building in the Fender CS back then. Though it's a lovely bass, it's not 10K lovely. I also have a John Kallas bass, which I would consider a Master Built bass and every bit as good as the Fender CS. Again, beautiful bass but not worth 10K,.... to me. Someone else may think it's worth 10K, and there in lies the worth of something. It's worth what someone is willing to pay.
Like I said earlier, kudos to those who can afford one if that's what gets them off, but personally, I would rather have 5 months mortgage paid.