I've been playing bass for 35 years, and have owned and played a huge number of basses. I bought this bass for my 10 year old son, and I'm blown away by what you actually get for next to nothing.
Build quality, finish, setup etc. all more than acceptable, and at this price point it is simply amazing. It is a p-bass, and has limited tonal options of course.
The pickup is probably the weak spot IMO, as the sound isn't quite up there to my ear. But then again, considering what it costs, it sounds killer. :)
Perfect first bass!