The new one is called Sterling by Music Man SUB series Ray4. Phew... they really know how to make confusing names over at MM.
I got one and sadly it's one of the worst basses I've ever owned. I recently sold my real Stingray to finance another bass. The Stingray sound isn't ideal for most of the stuff I do so it just wasn't being used enough to justify keeping it. Great quality instrument though!
But then these new series SBMM Rays showed up and I thought it would be nice so have something cheap and Stingray'ish around the studio. So I got the Ray4. BIG MISTAKE! First of all it doesn't really sound like a Stingray, it's considerably mellower. Secondly it sounds like absoluty rubbish even on it's own terms. It's just a boomy low end and clanky highs with very little in between. Except for a muddy mess of a midrange. It just gets completely lost in the mix. In a dense mix it sounds like someone is doing the dishes in the background, clank, clank. Horrible instrument. The tone controls didn't do much good either. Turning them up: more clank/boom. Turning them down: the horribly dull and muddy midrange is exposed for what it really is. The fretwork was poor too, with random buzzing around the neck when set for anything resembling normal action.
On the positive side it was dead quiet, no noise whatsoever. The finish was very nice too, if you're into satin neck+body. The hardware was decent too, except for one tuner that had a kinda "grinding" feel to it. But the sound... Absolutely horrible. There are FAR better basses available in this price range. Anything Squire, from Affinity and upwards, is MILES better than this!
I was actually thinking about posting a thread asking for advice on upgrading the pickups/electronics. I have a feeling that's where the biggest problem is. But then I remembered that I just wanted a CHEAP Ray'ish bass... and the neck on this thing just isn't worth the upgrade. I'll probably just sell it. But it just doesn't seem fair to push this piece of junk onto someone else... Oh well, it's not the first poor bass I've purchased. At least it was cheap.