to answer the question about the pickup and the 'plugged-in' sound. It's good. The thing is though, the 'bright' and 'bass' control are redundand. I've read that this pickup was originall designed for classical/spanish guitars and also picks up the vibration of the top as the strings are vibrating.
Anyways... Engaging the 'bass' control will give you a huge load of hum and engaging the 'treble' will make the guitar sound too bright (which might be good if you want it to sound like a classical guitar, hehe). The thing I do (and I play it through my trusty Fender Twin Reverb) is to crank the volume and have both the treble and bass rolled off.
The guitar itsself has a beautiful bass, which isn't too boomy, but isn't flat either. It has richly defined highs and just sings when you use a nice Fender Thin pick or anything that's good for strumming!
I hope that helped.
PS: It's not only one of the best-looking guitars it's also wonderfully sounding. Forget about Blueridge, this is the real deal.