I wish I could afford a Wal. Are there any basses that come close to the tone under $1500?
The Wal is a very hard tone to cover with anyother bass, because you roll the filter knobs one way or another and its different.
Last year while I was gigging with one 5 string Wal, I searched hi and low looking for anything else that can be a plug-in and go backup. The ONLY bass I could do that with was a MM Big Al. It had a bright enough top end and in all buttons up mode had the same high output as my Mk2.
And this part will only really pertain to the 5er, but the other nice thing was the Big Al also being 34" and has the same string spacing, so no playing adjustment was needed switching back and forth.
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Guh drool Just wow! 
So, now it's time to sell the Mk1. See, I really wanted a fretted Wal all along, but I got impatient and found the Mk1, thought it was nice and figured I would just have frets added. But of course, the Mk3 comes along just days later and I couldn't resist.