It was almost as anti-climatic as I expected...
I'm not sure if the strings are old & dead or just the crappiest new strings I've ever heard.
No one had ever adjusted the truss rod, the TRC still had the plastic on it & there was about 1/4" of neck relief
Compared it directly to my SRX2EX2 & immediately started thinking about swapping the guts of them, because the SRX700 was weak sounding. Switched the E string of my Cobalt Flats over to the SRX700 & it sounds fine, so tomorrow I will finish moving the Cobalt flats over to the SRX700.
Unfortunately I won't get a real A/B comparison unless I go out and buy two identical sets of strings tomorrow & throw on both of them

There are water spots on the chrome at the bridge & the knobs. I'll try rubbing them with vinegar tomorrow, just a little damp paper towel.
Right now I think the SRX700 will sound just like my SRX2EX2 once I change the strings over, after all it's the same preamp & very similar pickups. (look the same, but the model number on my SRX2 pickups ends in 60 & the ones on the SRX7 end in 80)
I was crossing my mind over whether to keep it or take it back to GC ASAP, but someone in the house is partial to orange & said the SRX2 is the least attractive instrument I've ever owned
I was hoping this one would be good enough to replace by BTB300 & just have one bass, but...
the BTB has such a high output & a real grind that the SRX700 doesn't have

It could be partly due to the strings, but I think it's mostly the Mahogany body of the BTB and a better preamp.
The SRX700 is Ash, but my near tone deaf ears cannot hear a great difference between that & the basswood of my SRX2

Tomorrow, before I change the strings all the way over, I will do a comparison vis-à-vis sustain.
SRX700 = 8.6 lbs.
according to my bathroom scales, but I will get a more accurate reading with some kitchen scales tomorrow
<edit in> this just goes to show you guys & gals, bathroom scales are no good at this
they were off my half a pound
weight = 4,117 grams (9.09 lbs)</end edit>
The controls are volume, blend/balance, bass cut/boost, treble cut/boost
I'd prefer Volume/Volume/Treble/Bass, but I doubt I can do that with this preamp, since the treble pot is mounted right to the PCB

DOH!
epiphany time, I could put in the same preamp from the BTB, assuming I could find one & then put the knobs where I want, or get an aftermarket preamp that will do even more.... hmmm
the string I took off it (E string) has a gold ball-end, but I haven't been able to see the ball-ends of the other 3 strings yet
add: A friend on FB thought it was a flamed maple top & on second look, yeah it does look like that... the grain really pops!
add:
I just returned it earlier today (29-Jun), not because there's anything wrong with it, but because it's just not as good as my BTB.
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