Part of me is really sad to learn this.
The other part of me recognizes that I owned 4 Cutlasses, having bought none of them at retail price, and sold all of them.
They were well made, different (at least in feel) from their Fender counterparts, and filled a nice niche in the EBMM line. The bass world just didn't NEED them. They were a solution to a problem which doesn't exist, and a $2k+ solution at that, since last spring. I'm bummed because I think a lot of companies make "better" P's than Fender, but of course it's so hard to compete with the original and industry standard.
To me they were cool, versatile $800 basses priced at double or triple that. I'll pour one out for em because they're among the coolest production model takes on classic passives I've seen.