Having seen several of these (more guitar than bass), there are good things and bad things IMO: they say Fender so right away they hold their value better than other brands. They have MIM and USA versions and they are priced accordingly. Fretwork is good for the price and most come with pre slotted nuts so only a minimal amount of work is needed to get the slots correct.
What I don't like about them is the wide variation in the quality of the lumber. This is a larger problem in guitar manufacturing in general, but the moral of the story is that just because it's a Fender doesn't mean you're automatically getting a neck with tight straight grain, consistent color, and little to no runout. If I was going to buy one, I would want to see pictures of the actual neck.