So, with the SX headstock being changed to the Ursa style, I had to grab one of the old ones while they are still around. Not knowing what to expect form a cheap bass, I figured I'd share my experience.
Out of the box:
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Not too bad. There's reports on TB with everything from being in great shape to being assembled by Chineese drunken monkeys. There's a few chips that were painted over in the routing of the pickups, but the alignment seems good and the neck seems pretty nice.
Body Closeup:
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Headstock:
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A few were complaining about the string tree on the head. Maybe the fact that it is routed out for the strings? I don't know, but I had ordered a replacement from StewMac just in case it was junk. Really no complaints, but I changed it out anyway while changing the strings.
Holy High Saddles Batman!
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When I plugged it in, something didn't sound right on the neck pickup (aside from not being set up and needing strings) Upon inspection, I could see something under the pickup and it wasn't foam. Pulled it out:
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Aha! The bottom of the pickup was broken out, and the magnets were out of it. Cleaned it up, glued back together and... well it works now.

While the glue was drying, I cleaned up the rough edges on the pick guard with a razor knife.
While I had it partially apart, pulled the cover off the control cavity:
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A little dirt and sawdust. Nothing too bad. Checked the solder joints and they looked good. I was considering replacing the pots, but I'll wait and see if they actually need it. Same with the pickups.
While the pickups are out:
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Dropped in some shielding and soldered in the grounds.
Installed new strings Ernie Ball Roundwounds .055-.110. Much Better.
Finished with some polish, good couple hour setup and wipe down.
Finished:
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Overall? What do you expect for a $139 bass? Not bad. I like the look. Some don't like the vintage orange-ish color. It's not as bright in person, but I like it. Helps stand out from my other basses. The sound is much better now with the repairs and no humming discernible even with headphones on, thanks to the shielding.
I'm going to have a lot of fun with this one!