Squier Jag SS is a great bass
Yep.
I suggest anyone wanting a shorty on a budget should look at the SS Jag Club thread. The amount of mods those guys have done will inspire.
So you get a SS Jag. $160 with a coupon (or scratch discount like mine). Then go nuts! Bridge, tuners, pups, custom pickguard, etc. and you have an awesome little bass.
Or you could keep it stock and play the heck out of it. They are great for the low price.