If you're after a P-Bass sound à la James Jamerson, you can get it with the blend right in the middle (no need to dial in some EQ) and mute if you feel you need it. Should you need a MusicMan sound à la Joe Dart, just put a bit more bridge pickup in the blend mix as above and mute a bit. Do you want a Jaco tone, just go to the bridge pickup only, cut a bit the highs and boost the basses a bit, there it is. Need a more mellow tone for your walking bass, go to the neck only pickup with the same setting...
Certainly the most versatile bass I have ever played, too bad it only had 4 strings and was fretted.
GLWYS Chris.