So I have three Fender shorties because they are majestic creatures.
Buy the Squier VM. Just do it.
Unless you have the option/money for a Fender, you won't regret it. It's not just good for the price. I keep mine at my band's rehearsal space because it is solid, doesn't go out of tune, and sounds great.
The maple fretboard is the only thing that makes it sound any different than the Japanese model. It's bright. Really zingy. A bit too much for me, but I put some Labella Mustang flats on it and it's fabulous.
Check out the post kb linked to. It'll tell you my initial impression.
But seriously...
Buy it.
