Stratlandish...
Yep... have to agree, that there is really nothing worth buying for the money out of Fender... and hasn't been for quite awhile. The only strats I keep in possession any more is custom stuff I built from Warmoth bodies with thin finish, custom necks with big frets crowned by Mike Lull and different pickups... fralins etc. But by then your back at over $2000.- to get there.
Even older strats need to have a bone nut installed for tone and a LOT of work to get them intonated and set up for different purposes. Now, on the other hand, when they are... they kill. Haven't played one, but I would venture to bet the Rory Gallager strat probably has good tone just due the fact that it doesn't have very much finish and Fender would actually be forced to put a decent piece of wood in the thing.
Have to say my favorite guitar for the buck is a 58' Custum Shop Historic/Authentic Les Paul. Yahoo!! Wish I owned more of these babies!!
Peace-
Thankfully, a lot of tone comes from the hands...