I think the series/parallel thing might have something to do with being able to switch the pickups in and out of phase. My dad has a G&L with a bunch of fancy switches that let you do that kind of stuff and you can get all tinny and weird if you want.
I would very much like to have one of these Jaguar basses, though I imagine that I'd just wind up ignoring a lot of the extra switches and instead finding one or two tones I like and sticking to them.
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