Clean wood. Apart from the neck. Body and neck done in two different rooms by different people. Screwed together by a 3rd person. It looks like a year 9 relic project. You would probably mark it as "well done, for a 14 year old" but be glad that you did not own it. I do love a good relic. This is not a good relic.
But people buy them - and for a commercial company, that is where it is at, so what do Fender care about my opinion?