That's my main bass now too. I bought it last year when my Fender PJ developed a nasty truss rod problem and had to be in the shop for a week. When I went to buy a backup, I tested a lot of basses and I didn't find any in this price range that compared to the SR505. Even a lot of basses costing twice as much don't sound half as good. Now my Fender sits in its case in the closet.
My only complaint is that I got the older model with the screwed in battery cover. The new ones have one that snaps in. Still, after playing for nearly a year, I haven't had to replace the battery yet.