I had one in the gold finish, it is by far one of the best bass's in it's price range and the best from epiphone.
The impendence selector is great and the pickup position it's self gives one of a few alternative precision bass sounds that are actually usable, and good.
I also agree about flats on this bass, very good and you get that double bass sort of sound with flats and the impendance selector, never really found it wooly or undefined though.
The one thing that let it down it down was of course the stoopid 3 point bridge, if I had kept it I would have changed it for one of those 3 point replacments. Alos having to have a hardcase for it was restricting on me as I have to walk everywhere with my gear.
If I had the cash I'd definatly have one again.