I can't speak for Martin, but I know Fender does some questionable Signature series basses. There's the Pete Wentz (Fallout Boy) Precision, which is basically a P bass with Duncan pickups and a red & black "Bat Heart" graphic, and there's a Mark Hoppus (Blink 182) bass, but at least it's a hybrid: Jazz body, P neck and only one P pickup. They also have the Marcus Miller bass, which I think is very ugly.
The latest rumor I've heard is that they will produce a Bob Babbitt (Motown's Funk Brothers) signature P bass. But the only thing I can see that makes it a "Signature" is that it will have a foam mute contraption that can be disengaged. A hunk of foam rubber is about $1,500 less than a Signature bass.
In my opinion, Fender should go the route that OLP did with the Tony Levin Signature -- they worked with Tony on the design and made it truly affordable -- less than $300. I can't see the need to spend extra cash just to have a bass that looks like someone else's when a lot of the sound of a bass is achieved by what strings you use and how you set your amplifier.
I will admit that I bought a Rickenbacker 4001 bass way back when because that's what Chris Squire used, but in that case, the sound of the Rick was very unique and his sound -- aa lot of it from using Rotosound strings -- was at the time unachieveable using any other bass. And when Rickenbacker offered the CS SIgnature bass at a premium price in 1999, I passed.
What really bugs me, though, is the willingness of people to spend an extra $1,000 to have a "roadworn" finish. Nothing like paying for "character."
Edited by Laklander (01/14/10 12:03 PM)
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Dave Molter, MGR Managing Editor/Bass Guitars Editor
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"Bass is the foundation of the band." -- William Murderface, Dethklok bassist
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Lakland 55-94; Hofner Icon; Kala U-Bass acoustic & solidbody; Stagg EUB; Genz-Genz Shuttle 6.0; Line 6 Lowdown Studio 110