While I have no doubt that this is likely to be a very well made bass having owned a few of the VM Jazzes, I don't get it.
The Fender version has series/parallel switching, active EQ etc whereas this is merely another PJ bass. If Fender had designed this to have Squier produce a cheaper version of the Jaguar with active EQ etc then I could see this being a great bass but as it is, I don't see it adding anything.
I'm not normally negative when it comes to these things, it has hotter pickups than standard but that's something that could be changed anyway.