Wow...my very first bass when I was 12 was a brand new Peavey Fury (circa 1986) and the frets started sliding out pretty much the day I brought it home. I also had a 65 watt Peavey amp that had a built-in limiter circuit you couldn't bypass and made everything that was loud enough sound like pure unadulterated hell.
I've learned something from this thread: if people no longer hate Peavey, I guess they've stepped up their game and I'm really glad to hear that. Also, they've changed that horrible old logo of theirs that used to be prominently stamped on everything, and that's a huge step in the right direction.