I assume this bass costs less because it only has 2 band eq onboard but I say why pay more for something that all amps or heads (which will inevitably be used) already have; of the minimal electronics it has, they work and sound good. Overall great bass with a full sound, neck is a little larger but the it's thin and the shape makes it easy and smooth to play, plus it bee-yoo-tee-ful with that flat finish. Out of the box it had a lot of fret buzz from 9th fret up on the lower strings and needed to be re-intonated but when these things were (surprisingly easily) taken care of this bass is awesome.
A beautiful instrument with an easy to use feel. Great for soothing harmonies and extreme metal alike. It feels light and the thin neck makes it very playable. The only problems I have found with mine is a screw on the truss rod cover cannot be undone and there is a small scrape of green paint on the top of the neck. all of this is acceptable to the incredibly low price. This bass has an amazing sound and is definitely worth the money.