For a company that allegedly sticks with what sells, Fender has sure brought out a lot of different models over the years that weren't just P and J variations.
Fair enough. They have produced a fair amount of variety, but the don't really stick around because that isn't who they are. The Dimension will disappear before too long. The Jaguar has found a home in the Squier line, fortunately. But, you tell me, does Fender produce and sell mainly P's and J's, or do they produce and sell an equal amount of Dimensions, Rascals, Coronados, VI's, Jaguars, Mustangs, etc? A lot of these are just P, J or PJ configurations dressed up a little - they don't do a bunch of HH or HS, because that's not who they are. Don't get me wrong - I'm a Fender fan and own ten or more Fenders. I have an Urge I, with I think is great bass, but not too many non-talkbass Fender bass guys have every heard of it.
My 1974 Fender Precision is the same basic bass as my 2003 Fender Precision, and both of them are basically the same as my 2014 Fender Precision. That is what Fender does well and has had success at doing.
On the other hands, the innovators do seemingly crazy things. Peavey never stopped changing the the Foundation, even after the point that it was arguably "perfected" as a model, and right up to the point it became necessary to discontinue it. Ibanez isn't shy about discontinuing a model and trying something new, although they seem to have found a home in SR's and BTB's.
EDIT: Just to get an actual on-topic comment in there...I'm sure the Elite series is a great fine tuning of the already great Deluxe series.