I had one for a bit, my summary:
Matt finish shines very easily, won't look as 'new' as a Fender would over time.
Preamp OK, but I preferred it passive
Awesome P sound available, blends well with the J, but J on it's own sounded too thin (preamp can help this)
Looked really cool, very well made
Is it better than a MIM P bass ? Yes and no depending on your needs. Build quality wise, i'd say they're both good.