I have both the Fender Victor Bailey 4 string and 5 string. I have to say they are both LOTS of fun to play, especially the four string. I think the five string design wasn't quite as well thought out as the 4 string. The heavier neck hinders the sound and funness a bit, but not too much. I string my 5 with a high C instead of low B. On the four string the phosfor bronze strings are fantastic! No one makes a high C in bronze so on the 5 I use roundwounds (not as fun).
Things to consider:
-The four string bass came with a noisy truss rod. It rattles. Fender told me they would not fix this under warranty because the noise is not amplified. Can you believe that?? In an ACOUSTIC bass guitar. Yes, very, very lame of them. I dealt with the biggest jerk at Guitar Center in Manhattan (the head of the repair shop) who first said he heard the problem, and then after speaking to Fender suddenly stopped hearing it. When confronted with the OBVIOUS noise, he told me to get lost.
-Both basses NEED a preamp upgrade (Fishman says the one they put in these basses is not for sale, doesn't meet their standards) so you'd pay another $240 or so for the "good" fishman preamp. It fits, but you have to route the side of the bass a little.
-The piezo pickup is also a problem. They went for the cheapest of the cheap.. it's something that hasn't been used in over 20 years I'm told. The fishman replacement pickup will cost you $100 + instalation.
These basses are quite fun to play at home but it's sort of hard to find musical situations where these basses fit better than a solidbody, chambererd, hollowbody, upright or electric upright bass.