I've played good and bad p basses at all price points. The only new US precision I've played in the last 5 years that I've liked was the relatively recent American Original 50s precision, and I really, REALLY liked it.
The MIM 50s in the classifieds has tempted me more than once, but the neck won't suit everybody.
My favourite p bass I've owned was an early 80's Squier SQ series that I sold in a fit of madness...