There is a nice cherry Elite 4 at the Easy Music Center down the street, and a translucent black one at the Hot Licks a block away. Both sound amazing (I played the cherry through a Krank stack, and the black through an Ashdown stack).
When going through Krank, I got more powerful deep tones, but it didn't sound half as organic and nice as the Ashdown stack... but playing through the Ashdown brought out the beauty of the sound to match the beauty of the looks of the stiletto.
Both were made in Korea, and both are gorgeous all-round.
On top of that, the neck is fast as all get-out, the string spacing is pretty nice, though a tad closer together than I am used to with my Epiphones. The action is pretty low right out of the box, and it's decent for slapping too, though you can't attack it as hard as you could with a SUB or Stingray.
Unfortunately the black one is cheaper by about a hundred dollars, and I don't like the black finish and black hardware as much as the cherry one. The black kinda masks the through-neck sandwiching that give the body class. Easy Music also had an Elite 5 in natural finish which reminded me of an ugly Carvin or Alembic.
All in all, get it.
And if your local stores don't have them, generally you can get them to order one for you for a modest fee, or you could check out Musician's Friend or Guitar Center's website. Elite 4 pricing online is *just* on the edge of your budget, but I know that MF gives free shipping on most orders over $99. It'll just take a couple weeks to reach you.
Hope that helps.
-J