Ibanez doesn't actually build any of their own instruments except those in the US custom shop (Tak Hosino) and Japan, which are very rare nowadays. Most are built by Cort. The same factory that makes Indonesian Squiers makes alot of those nice Ibanezes.
That being said, when I pick up any Ibanez in a store, from the cheapest to the most expensive, one thing I can always count on is that they all seem to play well, are set up well, have flawless finishes, and are built to a very high standard. From the bottom line to the top line. Although I prefer Rickenbackers, Spectors, Fenders, Squiers, and Peavey T-40s, I also own 5 Ibanez basses. They hold their own, quality and tone-wise. I'm frequently astonished at their finishes and woodwork.
Their tone and style isn't for everybody, and those of us who grew up in the 80's usually remember basses like the SR as the first bass the guy in the sucky hair metal band down the street bought when he learned how to play.
They were everywhere, and ubiquitous with Crate amps and Series 10 guitars. But, that doesn't make them bad. Quite the contrary.
They were (and are) very good instruments for beginners and pros alike. But, for better or for worse, they can have a stigma attached to them (in the same way Peavey is unfairly judged). If Charvels and Jacksons hadn't 90% disappeared from the collective mindset in decades past, they would also still have that "80's metal band stigma" attached to them as well. But, they produced fine instruments as well.
Ibanez always seems to try something new, and they succeed. But they are not, and never will be, a "classic" instrument, nor do they have one single identifiable tone all their own (ala Rickenbacker, Fender P, Spector, etc) that is easily identifiable and desirable to a flock of people. No one ever says, "Ooooh listen to that Ibanez growl on that track!" like they would one of the basses I just listed.
And, remember, groupthink is very, very strong. Besides the admittedly great tone, there is a very distinct reason why "Sunburst tort P with flats" is the current flavor of the decade. It's not all due to just the sound.
Rock your Ibanez. Or Peavey. Or Yamaha. Or anything that you like. Who gives a flying *&#$ what anyone else thinks.
For instance, I would frequently start a set with a nice Rick, Spector, or vintage Fender, then switch to either a puke green or hot pink Dean Zone (which is a great sounding well-made bass in it's own right when set up). People usually think it's a joke, but they think nothing less of me for it. However, if I had started the set with that Dean, they would think less of me for it.
People judge unfairly with their eyes and preconceptions rather than their ears.
Like I said, you do you and whatever makes you happy.