I got it because I figured I could use a bass on hand - I primarily play guitar, but it's still a useful instrument to have for when I want to have a bass line done. Of course that also means I have no real reason to go looking for a premium bass.
So, as a little in-joke I picked this specific model... and got a good workhorse. I was expecting some issues at this price point, but the setup was fine. The sound is perfectly correct, playability-wise everything seems fine. Great bang for your buck, it's definitely on the good side of things.