I had a few of those when Musicians Friends were having a clearance when Fender discontinued the model in 2001, and bought 3 of them brand-new for $500 each! No kidding.
They look beatiful, but all the 5 Hot Rods I had were a bit heavy for me (maybe around 9.5 lbs., in comparison the newer Ps that are much less than 9 lbs.) and the fret work was really terrible in all those basses, but nothing a good dressing can't fix.
I had them in all colors: black, natural, white, black, and sunburst! Those were the days.
I really wish Fender would offer something other than black and sunburst. Even MIMs are now only available in those two colors.