I own the terribly named BassBomber and I rate it as one of the best sounding combos I've ever played. However, its worth bearing in mind that my tastes seem far from the norm amongst bass players!
If you like a bass sound with plenty of mids, this isn't for you. If you like playing trebly prog metal, this isn't for you. If you like a lot of tonal flexibility, it isn't for you. If you like a vintage thud or a dub sound, then maybe it is for you.
I'd advise that you give it a go before committing though.
In terms of playing live, unfortunately it doesn't have a DI output, so you'd have to buy a DI box if you want to run it through the PA without mic'ing it up.
Having said that, I've played it live and its sounded great to me ears, and have been complimented on the tone. But maybe I'm deaf and maybe people are just being kind?