In a Harmony thread, Agedhorse talked about how Genz rated their class D amps, using (IIRC) the power available in a 150 millisecond burst. This was in response to a Behringer wattage claim based on a 20 millisecond burst (with a 1000 Hz signal; Genz used a real bass frequency but I forget what it was). While Andy's discussion explained that a burst is a good measure of what an amp needs to reproduce bass guitar, it really highlighted that there is no apples to apples comparison of power ratings since every manufacturer can use a chosen frequency and longer or shorter burst to back up advertising claims. What's missing is that many of us have a sense for the power level of amps with a particular advertised power, built through experience, and those amps must have been rated much more conservatively (like not using bursts, maybe). So the Class D amps don't feel anywhere close in power to our similarly rated amps from the past. Maybe 50% as powerful. If Fender actually is using the "300" watt ICE module and calling it 150, that's a step in the right direction IMO, since I would expect that "300" watt module to play like a 100-150 watt old school amp of almost any make.
Edit: here's the Harmony Central thread: Invalid Link Removed
Edit: here's the Harmony Central thread: Invalid Link Removed