Thanks Paul thats a great answer, much appreciated! I'll check out the V-Tone before trading in the trace elliot (it has mixed reviews - Harmony Central reviewers seem to like it but other forums say don't touch it with a barge pole).
I don't have lots of monies to spend but I do believe in the notion that you get what you pay for. I'm going to stick with the Peavey Foundation because it's raved about all over the net and I love the slender neck for my stubby fingered hands LOL If anything I'll look into modding it, rather than replacing it (if that works out more cost effective!). I'm slightly confused by your comment about choosing a bass with pickups close to the neck and then recommendeinga Precision, looking at images of it the pickups are near the bridge, am I missing something? My Peavey has one near the bridge then another about two thirds the distance from the bridge to the neck.
My main beef with the Trace Elliot is that its hisses a lot at low level but if I turn it up loud enough to mask the hiss it rattles the house! It also buzzes when I'm playing the E string. This might be a stupid question but is there a head unit I could buy with a headphone socket? I have great pair of Sehhheiser monitoring headphones which would not colour the sound at all so I'm thinking if I just buy an amp I can use the phones and have a decent piece of gear for the future. Alternatively I was thinking about getting one of those tiny practise amps like a pocket rockit, or maybe something like an ashdown after eight or Orange CR20B, I want something that sounds good at low levels without hissing! I know there's a trade off between power and tone but that would be my ideal wish list.
Can you eloborate on the foam tip for me Paul? Whats does that do, what should I stick it with? I ordered some La Bella medium gauge flatwounds, James Jamerson signature, think they might be a little stiff for a beginner but probabably good in the long run. I'm hoping these give me that dark thick tone I crave.
Completely agree with you Ferret, I was worried that my post might look like I'm looking for 'funk in a can' I appreciette that bass mastery is the paramount requirement here, but I figure having appropriate gear, strings and set up is part of the formula too! Thanks again!
Edit, again typos, I'm using a wireless keyboard and I think the batteries are going, keeps missing key presses!