Well, got the bass. I put some Dunlop 45-105's on it, adjusted the truss rod (that was way out of wack! Had NEVER been adjusted!), and cleaned the thing up. I must say, THERE IS NO ODOR that people keep mentioning! I even checked the control cavity! NO ODOR! Sounds like more gossip that we see all too often on the net.... Also, the preamp is DAMN FINE! And I have owned Music Man basses, other Ibanez, some Japanese Edwards and Yamaha, as well as an Taiwan made Yamaha RBX 765A. The Yamaha RBX Pre-amp had nothing on this one.
It does hum depending on the 3 way switch position, but it runs 2 humbuckers in parallel in one housing according to the description, and then splits two of the coils for the center position. Sounds good, electronics were wired well. Body is structurally very good, I would say far more sturdy than a Cort Curbow (which I have had many experiences with, and is the only other Luthite Bass line I have tried).
The bass was made in 2002 in Korea. Neck is thinner than a low end, or MIM Fender Jazz, but still has a C Shape to it. Not very heavy, and I cannot stree how incredibly comfortable this bass is to hold and play!
Down-sides: Matte finish will become a bit shiny with extended use (where fingers rest regularly of course. This one's neck is quite broken in and slick

). Tuners needed a LOT of adjustment, but are standard fair, and wuite easy to replace if need be. They are holding tune just fine now, after being adjusted and tightened. Battery cover was poorly devised, but this has been addressed in otehr posts.
All in all, I think this thing deserves almost NONE of the hate that many purists and traditionalists are giving it. I understand looking up to the instruments of the past, but come on guys! We are NOT having a pissing contest here! Enjoy what is comfortable, sounds best, and gets the job done! I swear.... so much hate on TB forums....