Im both a guitarist and a bassist; by current gig is playing bass in a metal band.
I am a little ashamed of the brand name, but I am currently loving the heck out of my new Squier Clissic Vibe 50's P-Bass. its a modern P-Bass body shape (out of pine) decked out like a fifties p-bass... single coil pickup, single ply blackguard pickguard and a tele style headstock.
I went out looking for a much more expensive instrument, but after playing several I ended up picking this little gem.
Don't be ashamed of the brand name - strut it with pride! My bass is actually a Squier Vintage Modified Jazz (£199 new!). Plays like a dream! I used to own a Musicman Stingray, and even though the sound was great I find the SVMJ MUCH nicer to play. I just HAD to tweak it, so I put a set of active EMG's, a Badass bridge and a torty scratchplate on it.