I agree with this post. I've also owned many Fenders, and HAVE been wow'd by a few of them. Others were at least decent basses. My personal experience with them is that they're good basses generally. With many of them, you get exactly what you pay for. If you like to mod instruments, then you get a blank canvas in which you can create all kinds of different sounds!
Some people think that after a certain price point, an instrument should automatically have wow factor. I don't think this is true at all! I've played MTD, Sadowsky, Lakland, Lull, and Fodera. Honestly, many of those instruments didn't do anything for me. Some of them redifined what I wanted an instrument to sound/feel like. All of them were made with great craftsmanship.
I really really wanted a serious 70's style jazz bass. Initially I had my heart set on a Sadowsky. I was in NYC, met Mr. Sadowsky (a seriously nice guy who does awesome work with an incredibly accommodating team), and played a few of their showroom instruments. I just wasn't feeling them, but I really enjoyed my time there. I knew that technically they were much better basses than the Fender I ended up a couple months later (an AVRI 75 Jazz Bass), but they just didn't connect with me.
I feel like basses are kind of like suits. Sometimes you'll find one right off the rack that just seems to do it. Other times, you have to have them tailored to work just right for you after buying a basic one. Then, if you're able to, you may buy something that was made just for you! They can all work functionally, but obviously they have differences.
Fender style basses are some of the most subjective of basses you can buy due to all the differences in the model years, electronics, aftermarket parts, and fit/finish options present. I personally love them because I WANT to change them. The biggest flaw I found with Fender's series at this price point is that their stock electronics are super lacking, and the body shape kind of had weird dimensions that didn't work ergonomically for me. I could have changed the electronics myself, but I didn't care for the body. Funny enough, I did end up finding a used Custom Shop Custom Classic Jazz Bass, which is a really similar instrument, and got it for about $150 less than the Elite! It's taken 4 months, but it's finally nearing exactly what I want(I've changed the pickups, the preamp, refinished the neck, and am getting the body refinished this spring)! Sometimes you have to spend time with any instrument for it to really make you feel at home, and provide some wow in your life.
Sorry for writing so much, but I guess I just don't have the expectations that an off the shelf instrument will do everything I want it to. If I'm going to spend years on it though, I at least want it to be the solid foundation in which I can make something that's totally mine, and sometimes there is a cost that comes with that. I feel they're trying really hard, and they're taking appointments from many of the big name luthiers into consideration with this series.