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I've done some A/Bing, and here's my take ...
Tones - it really depends on what you're going for. The II definitely has a modern vibe to it, and I find the ability to tap coils very useful. The original Ripper was a bit more limited - the in/out of phase, parallel, series, etc. settings are great, but aren't as versatile in a modern context in my view.
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why Gibson still uses that monstrosity (other than for cost control) is beyond me. No wonder they've gone to the Babicz on the Thunderbird.
40 - like you I own a '74 Ripper (mine even has the tortoise shell pickguard, which I understand is fairly rare). I'd agree that the tones between the two are definitely different - the originals are true to their period correct in/out of phase, series/parallel wiring schemes, whereas the Ripper II is much more modern in that it taps different coils, as well as providing options for bridge/neck pickup only options.
I see the Ripper II as an improvement on the original (which, of course doesn't make the original Ripper a bad bass - just different). For me, it is far more comfortable from a playability standpoint, and I really like the pickups and electronics.
I'd agree that the original $3700 price was a bit excessive, even for a limited edition. The price I paid for this one was more than half that, so I think I got a pretty good deal. As for finish, there weren't a lot of black and/or sunburst Rippers made to begin with, so I think they got it right by going with the natural finish, as that was the largest number produced in terms of the originals.
The logo on the original was silkscreened, so my guess is that's why they went with that.
I hate Gibson three point bridges, not so much from a tonal/sonic viewpoint, but from an adjustability tack. You can't adjust individual saddles with the three-point, whereas with other bridges (the Hipshot, Babicz, etc.) you can. Also, the adjustment screw for intonation is in the front of the bridge, not at at the rear, which I consider a pain in the ass (more difficult to fit a standard screwdriver from the front). That bridge is "floating" most of the time too, minimizing contact with the body and potentially impacting sustain, resonance, what have you. As the Ripper, old and new is a set neck instrument, most of the tone produced by the instrument comes from the body. The more contact the bridge has with that body, the more tone is affected. Of course, tone is very subjective, so the three point might work for some, and not work for others. I'm in the not-work-for-others camp. To each his/her own as they say.
And yeah, it's sweet. I really like it, and I think if Gibson were able to produce this same bass at a reasonable price, they might (finally) have a hit on their hands.

I had a Victory Artist. It weighed over 10 pounds. It had a neck that was too big for me, and tones that were derivatve. To each his/her own.
40 - the tones were derivative in the sense that at the time, they didn't set themselves apart. For example, my
'79 Musicman Stingray has tones that are ver distinct from the Fenders of the day. The Gibsons of that day, to include the Victory weren't all that distincitive at the time. This is one reason they didnt sell well back then.