I was there when the OLP first came out. I already owned 3 fenders (2 AMSTD and CIJ GL) and 3 Warwicks (2 FNA5 and FNA4), and my reaction to the OLP was, I bought one. They were about $249 back in 2001, and I believe I got it for closer to $200 (haggling used to exist at GC).
I am not saying it is in the same class as the other basses, but it was better than ANY bass I played in that price range, at least back then. My FNA had an ungrounded poles pickup that was giving an annoying buzz because it was right under my thumb anchor. Warwick replaced it under warranty, and didn't want the old pickup back. It went into the OLP and was a huge improvement, so yeah the original pickup is nothing to write home about, but the wood feels and sounds good, it is a solid instrument. I actually gigged with it with no shame, and I just started using it again, and it has been upgraded to CTS pots as well. I am seriously considering adding a basslines stc-2c-bo preamp to it.
It might not be worth a lot of money $100-200 in great condition with no upgrades, but for $125 it is a steal, and even a fair price if it didn't include the case. These were not "junk" basses, OLP was a breakthrough in the value for dollar ratio.
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