I do not currently own a variax. I owned a variax 500 (sunburst with the dark pick guard) that I was very happy with but sold when I found myself not playing much and chose to sell.
I very much appreciate the responses in this thread - I'm intrigued by the old 700's, love the look and build of those , but buying a jtv isn't much more expensive at the price point especially considering 700's are all used.
I guess I should narrow my question to - what exactly is different about the modeling in the jtv's? I am less concerned with strat modeling as I have a strat - I liked the rickenbacker modeling in the 500 I owned, the Gibson modeling seemed muddy so I'm curious about those two in particular. I'm definitely getting one I'm just weighing between a lightly used 700 and a new jtv at this point.