Okay, so I've had a good chance to play the new Jagmaster! My first impressions weren't great, the set up was horrible out of the box (don't know why I expected different) but after I spent some time changing the strings (it came with something stupid like 8 or 9's), lubricated the nut, sorted out the intonation etc.. it was great.
Now I have the action really low and it feels really nice to play, the neck is really good, no sharp frets at all. The finish on the neck is satin but I really think that it would look a lot better with a tinted lacquer considering it is the vintage series.
I'm really happy with it to be honest though, the pickups are a bit muddy although they do roar with distortion! I can live with them for now. If I had paid over £200 for it I would have been less happy but at the price I paid (£189) what you're getting is a nice balance between a standard Jaguar and an HH Jaguar...
I probably missed some major points out so feel free to ask questions if you're curious.
**Oh I forgot to mention, for those complaining about the bright white pickguard, it's actually parchment so it's not as bright as it looks in the pics!