Yeah, mine has the switches. The bright switch is cool..the phase switch is just plain weird! I've just done another gig with it, and I *think* the EQ controls are both boost/cut. The treble is, certainly. I find myself using just the rear pickup for fingerstyle, and then switching to both pickups for thumping. Either way it cut straight through the mix without ever getting brittle. Definitely my new favourite!
The controls are boost cut, they just don't have a center detent.