After playing around yet some more through my amp I have to comment on the "EQ Sweep" control.
Rather than it being a true Mid control, it also boosts or cuts low and highs depending on the clockwise/counter-clockwise setting of the knob. Many comments have said it's either useless, or they dislike it in favor of a true Mid control.
Personally, I find it absolutely perfect. In fact, if I could only have one single control on this bass, the EQ Sweep would the only one I'd want. It greatly affects the tone in such a perfect and easy way to change things up for the styles and techniques I'm going for. I would say that the spectrum of tonality it affects would be going from smooth to aggressive and anywhere in between. So much so that I can easily employ fingerstyle, slap, pick use and adjust it easily on the fly to switch between in any manner I need right at the moment, without having to touch any other controls or my amp.
I leave the Treble and Bass controls set flat and don't even need to touch them. I leave the Pup Blend balanced as well, although one can also utilize that to even further alter a great range of tonality.
If Ibanez had me sit in on a meeting and asked my opinion on what kind of tone control I'd like on a bass, this EQ Sweep control is EXACTLY what I would have wanted. Perfect.