My partner just took receipt of a new VM Jaguar in fiesta red. This was a replacement for a burst model from MF. The burst was had a very poorly matched three piece body. Out of the box it needed a setup as the action was too high. The neck was dead straight and other than a small splash of glue on the fret board at the nut, the finish was flawless. I don't have any actual photos or sound files, so I am posting a stock pic. Pros: The fiesta red finish with tort guard is sexy. We agreed it looks like tomato bisque and much more attractive than the burst. Very balanced body and is just as comfortable playing with a strap or sitting down. The neck looks like the CV series with vintage tint and tuners and the frets are nicely dressed with no sharp ends and no fret buzz. The nut was properly cut and had no pinging/binding issues. The bridge is kinda funky looking, but it is sturdy. The SD designed PUs sound very hot and I had to lower the bass side and raise the treble side to get more bite and reduce some boominess. It sounds very Fendery on clean and dirt tones and more Gibson like with overdrive. With the stubby lower bout, you have easy access to all upper frets. Intonation was close and we are going to leave it for now to let the guitar acclimate and will replace with stainless steel extra lights later. Cons: The concentric pots. The lower ring/knob is the tone control. It has a stamped washer with a bent tab and a punched point and the knob has symmetrical holes to give it a rotary control feel. We replacd the washer with a flat one and it felt much better with smooth action. The problem is that you have to be careful not to bump the tone when adjusting volume or vice versa. This may be the reason for the notched control. I am going to try and convince my buddy to let me convert it to a single volume/tone and we'll match the PU volume with height adjustment. I found the PUs very loose and a little harsh when using heavier distortions. Playing through a compressor tamed them nicely though. The rosewood fretboard was very dry and had a light dust on it. Hopefully a nice lemon oil treatment will darken it up. The saddles are anchored with a phillips set screw from the top and you have to loosen the strings to access the screw for intonation adjustments. Not that big a deal but I prefer saddles with rear adjustment screws. The vintage tuners pinged a bit during setup, but they settled in. They don't seem to feel as sturdy as the ones on my CV50s Tele. All in all, it is a great guitar for $250. As with the current CV line, Fender is putting a lot of bang for the buck in these. With no trem, PU/tone switches and humbuckers, this resembles a classic Jaguar in looks only, but it really shines on clean tones and with a little compression, rocks with higher gain. For a player needing a guitar to cover alot of musical ground, it works very well. The 24" scale is surprisingly comfortable with no cramped frets.