I love the wood and its a newer model but you are correct that the asking price is in Series I territory. On the other hand I've seen some pretty crazy prices for Series basses recently and when I've ask if the price is negotiable, even when it does come down it never really comes down to a level at which I'd be interested.
As discussed before, people are spending too much time looking at the prices for instruments that have been up for sale, in some cases for years, and have never been sold and then pricing their instrument on this basis. Example Spoilers for $2,500, Europa's for close to $5,000; Distillates in the $3,000 range. None of these sell but...people look at those prices and then price their Series bass accordingly thinking that if a Europa is worth over $4,000 and Series bass must be in the neighborhood of $5-6,000
P.S. I purchased my very functional Series I with newer PUs, rack mount DS-5, all cables, and case from a Club Member for $3,600. It's not perfect and I'm considering a refurbish but with that I'd essentially have a new bass.