Intersting thread...
I've owned 11 Wals over the course of the last 20 years and every one was a great player, but then I do know how to pick 'em! The best of the lot though was a 8lb Mk III fretless 5 that just [i]sang[/i]; it's also the only bass I ever regret selling.
However, I have also played some Wals that were real dogs - very heavy, dead weights on your shoulder that neck dived like crazy. Some seemed to sound "dead", with no life at all to the sound quality. The second Wal I bought, direct from Electric Wood, was a fretless Mk I and the neck was just covered in dead spots; Pete took the neck off, threw it in the bin, and the replacement played just fine! Why he didn't bin the first neck in the first place is still beyond me...
So, many are great basses with that very individual look and sound, but some are very heavy, with awful neck dive and less than inspiring tones inside them.
At the end of the day, those who want to, and can, spend £3.2k on a Wal will, those who don't, and can't, won't. Luckily for Paul he has inherited a marque that is still very well respected, and that reputation obviously counts for something if his order book is anything to go by.
There are loads of wonderful basses out there, the key is finding the ones that inspire you.
Cheers all
Gareth