Well, this seems like a pretty good idea, and now these Sterling by MusicMan basses are now cheaper than Fender Mexican Basses.
A budget line is a VERY good decision IMO opinion however they are not cheaper than MIM Fenders. They are about the same price. One model is cheaper but it is also the only one using Basswood. Plus let''s not forget that for that price with the Fender you actually get the Fender logo on the headstock which is a really big deal to people and a good move by Fender.