It doesn't sound like a traditional single coil Tele, but it's still got the maple neck and alder body so it does share some traits. Noticeably brighter and more distinct in the upper-mid frequencies compared to a Les Paul or my current Schecter (big mahogany/rosewood beast w/ buckers). It's going to take a little bit of time to get it to play nice with my amp, but my first impression is that it packs a good crunch with a slight tendency towards brightness. I think it'd really stand out in a live or band situation, it's got a really prominent 'cut' through the mix. Lots of potential here.
I did see a few comments about the reissues being made to a higher standard. The actual neck and body, I think there's every chance. It's the hardware that is the difference, because that's where costs can be cut. I already plan to replace a lot of it, starting with the nut (currently plastic imitation bone) and bridge saddles. Then the tuners (I like locking tuners) and maybe the pups and electronics later. I think I need to keep the urge to tinker under control, but it's just such a good blank canvas.
No luck finding a lefty Tele?