Yes, they've improved greatly from the '70s; what turns me off on the new ones is best captured by one of their product descriptions: Classic tone and feel, updated with 10 radius, medium-jumbo frets, and new electronics. In otherwords, missing the 7? radius, small frets, and unique tone that make me love them. Fine, use their current techniques - but the only design improvements you could make to a '63 Strat are an accessible trussrod, shielding, and star grounding. And don't point me at the Time Machine series; they do not feel like the originals.
I'd love a new Fender, but it would have to be a Master Built - and I'd still probably miss the '66 Tele I learned on.
Peter (who you'd never know from this thread actually prefers Gibsons most of the time) (Except for bass; there's this new company that makes these amazing instruments.........)