Man, I dunno but these Starcasters get a BAAAAD rep on the net...
FWIW, my mom bought me a Starcaster Strat at a garage sale for like $50 so I could have something to mess around on when I went to visit my parents for a week in FL (she's such a sweet lady).
So I did a little research on Starcasters before I actually got to check it out in person, and boy, they were getting SLAMMED on the forums left and right.
Needless to say I wasn't too excited about the idea of having another piece of junk guitar laying around, but when I got to FL and she took it out of the gig bag, I have to say, I was BLOWN away with the guitar.
I own an 80's Japan Squier Strat to mess around with at home, and this Starcaster KILLS it in tone and playability. Not sure if I just have a real gem, or maybe it was set up right before I got it, but the neck is straight, the frets are level, the electronics don't buzz, and it stays in tune beautifully. Better than my Squier, definitely. And my guitarist friend agreed when he came over to try it out. It's a great little guitar for what it cost...
Note: I also took the wammy bar completely off, that DID send it out of tune when I used it, but I just noodle around and stuff anyways, I'm not opening for Clapton at the Garden or anything.
Also, haven't tried the basses, but I have a feeling, if you get it cheap with a decent setup, anything can sound decent