It is not an Old Smoothie. Old Smoothie is modern construction with a few tweaks (pickup and small frets, for the most part).
This new thing is as close to a vintage-accurate pre-EB reissue as EB has ever done, and possibly ever will do. Three hole neck plate and skunk stripe/bullet neck! Reissues are not EB's thing, but I have always wished that they were. Well, this one's for me.
It’s what EB should have been making all along: pre-EB specs, but EB build quality. It’s going to be a better bass than the Leo-era ones, which were brilliantly designed and drop-dead gorgeous, but were plagued with build quality issues. It will have “the look” and “the feel,” but will be built better, brand new, under warranty, significantly less expensive than an original, and WILL hold its value well.
Bullet truss rod and micro-tilt are big selling points to me. They make setup so nice and easy, not to mention that they look 1,000X better than the modern neck attachment and truss rod. These construction elements are in no way actually disadvantageous to their modern equivalents – only in people's minds.
Lots of comments about how insane or greedy the price is, but I don’t see it. $3,500 isn’t a ton of money for a well built tool that ticks all your boxes, has never been available before, and might not be available again…especially when the closest equivalent on the market is almost 50 years old, very rare, twice as expensive, not as well built, not as playable day-in-day-out, and not company or dealer supported. On the contrary, I was surprised by how fair the sticker price is. I expected five or six grand. Those who want something this special for $2,000 also must not want their countrymen working for EB to earn a living compensation package for their skilled labor, or want the company to survive.
To me, it was a no brainer. This is the bass I have always wanted from EB, and I feel that the price is beyond fair. I ordered one within 15 minutes of finding out about them…and I already own a “real” ‘77 that I have been playing since 1988, and that is the bee's knees. This new bass easily falls in to place with a very specific type of market demand that has been there for almost 40 years. They could easily sell more than 100 of them, for $1,000 to $2,000 more each.
Now, if only they’d give the Sabre Bass the same treatment! It’s a better bass than the Stingray, IMO.