just played this bass today. Really good bass and i compared it to the 70's classic MIM and 60's roadworn jazz basses. The tone ws great for me, lots of mids with a bit of growl, what i would describe a marcus miller tone. It made the roadworn sound very artificial and sloppy and the MIM didnt quite get the same tone.
However, to get this tone i think you can get the same and more out of the Marcus Miller signiture. The one i played on really was amazing and i think rather than buying the squier i will save up for the Marcus Miller.
But all in all i give the squier an 8/10..... 9/10 for tone, 6/10 for looks and quality, and 10/10 for value. If i was buying today on the basses i tried, i would leave the MIM and the Road worn for the squier which is not what i expected