I bought a Hofner travel bass a few months ago. It was going stupidly cheap (and I'm a sucker for an impulse buy). I thought it'd be good for taking on public transport, cycling, living room rehearsals, tour bus, stuff like that where a full size instrument would be a pain to carry or play.
The tone from the humbucker is a bit thin. It came with rounds on which I quickly changed to flats. That helped a bit with the sound but it's far from 'deep' tonally.
It's a handy tool for occasional use. I shouldn't like it but I'm happy I have it, but I'd never gig with it.