So, here's my thoughts after using it for 3hrs last night in a jam-session -
I very much like this bass. It starts with its look - always loved the way a Fender VI looks and I like that ESP was creative making a IV that references it visually and accurately. ESP was ahead of the curve doing a "vintage bass that never was" as Fender did 10yrs later with their Jaguar bass.
The neck comes next - its V at the nut to shallow D profile is right up my alley. I have and play basses with a variety of neck-profiles but prefer something more like this. And a J nut width is good too. I play both wide P-width necks as well and like them both. I'm lucky not to have to choose sides.
The bass is well balanced, it's comfortable to play, and it's not overly heavy. 10lbs is my weight ceiling for any bass no matter how cool it is - I prefer something around 8lbs. So at 9lbs/4oz - I can live with that.
Sound-wise both at home and in a live mix - it has a great sound and a variety of tones at the flip of a switch. I used all options other than the N pu, and only because I favor a more mid-range tone in general. I has plenty of low-end and it has strong output. It also sounds good unplugged - like I said, basswood is a really good, resonant tone wood. The mid & N pu locations are not exactly in the same location as a P or J*- but the bass can sound like both in the right settings. As in, a gen1 P-bass and gen1 Tele bass (kinda' the same) had a similar singular single-coil - so using only the mid pu sounded like a P. Using the mid & B pu sounded like a J. The treble boost is great. I play lead-like lines sometimes incorporating a Boss TR-2 tremolo pedal and adding the boost gets you extra definition when needed. It doesn't boost the volume much - it's more that it gives your tone an edge.
*A Precision-pu nut-to-center of the split pu's = 28 5/8" - the same for the center poles of the single coil pu on the Bass IV. So pretty much a P-bass in sound.
A Jazz N-pu nut-to-poles = 27-7/8", so the P-location Bass IV mid pu isn't the same as a Jazz. The B-pu on a '60s Jazz = 31-3/8" and the Bass IV is 31-7/8" - so different there also.
Two thumbs way up for the Bass IV!