October last year was when I bought my Fender Classic 50's Precision reissue bass, which I am more than happy with. I know that it is MIM, but the price point of the American Standards is what put me off buying one. They could be had for around £900 at that time, prior to the VAT rise from 17.5% to 20%. Now I understand they are around the £1100 mark?
Earlier this year I went up to Dawson's in Leeds, mainly just for a look around, but ended up trying out an American Standard Precision and an Aerodyne Jazz, and I have to say, the Am. Stnd. was a pretty big letdown for the price. In fairness I will say, the setup on it wasn't great at all, but it didn't feel as comfortable as my own. The Aerodyne was however, a phenomenal bass and for a while I considered selling my own Fender and buying one of those.
I understand there are other MIA alternatives to the Am. Stnd. such as the Highway 1 series and the newer American Specials, and have yet to play either, so I will reserve my full judgement on the prices of the Am. Stnd's until I have played the alternatives, or found a better example to try out.
I know there are members on here who are more than happy with their MIA Fenders, so it really is, each to their own! (: