I bought an ibanez sr, second hand from a pawn shop when i was 16. It had some issues, pots were cracklin, action was bad, one of the strap screws was gone. But It was CHEAP and there wasn't alot of other option's for me at the time. After a few nights of being perfectly happy with it, I took it to an older freinds rehearsal studio,. The bass player was absolutely brutal about ibanez and said some pretty bad things about ibanez along with the guitar player who gave me the ol "ibeenhad" line. Somehow those guys opinions changed the way i felt about my bass, I stopped playing it and eventually traded it for a REAL "peice of crap", a fender squier.
I played that bass for a long time, replaced pu's etc. And i was convinced that ibanez was crap. A couple of years ago a friend of mine bought a btb 400 with stock ibanez pu's. I assured him he made a huge mistake, But, I finally picked the thing up and played it and, All i can say is I had too eat my words. ANYway, I went to the GC the next day and played just about everey ibanez bass they had there and found out for myself that, Ibanez really wasn't "crap", Only i had been thinking they were crap based on a second hand experience, and a few opinionated musicians.
I bought an ibanez BTB 406 that day, and another ibanez shortly after and have been very happy with both. I wish I had the $$ to buy a warwick, or a custom job but fact is I don't. Some of the Ibanez basses being made recently are pretty nice even compared to those higher priced basses(prestige/BTB). I guess my point is, for the money, you can't go wrong with Ibanez. IMO
Peace.