I've owned three, two L2s and an XL-2. I really prefer the older model EMGs on the L2s, they are much warmer, which was what i wanted from mine, for reggae with labella flats.
They are wonderful instruments, and make for a perfect travel bass. i always thought the string spacing was a bit tight, but otherwise great to play and the tone is huge, clean and very unique, but in the end I prefer some wood in the tone. The last one I owned was mint and had a very low serial number, and it sold for well over $2500.
the only caveat i can mention when shopping for one is to take into account the possible cost of a refret: the frets seem very soft and many have a great deal of wear, and refretting is more expensive than ordinary basses. Make sure the neck is straight, too, as there is no trussrod and some early ones have bowed a bit.
I'd like to get another soon and promised myself to keep it this time.