I received the Reflex last night and got to spend a lot of time with it today - and it's an amazing guitar!
Wild West Guitars did a great job - assuming they cleaned the guitar and did a setup - but as is my habit with any used guitar, I largely stripped it down to parts, cleaned everything pristinely, oiled the fretboard, polished the frets, etc. Then I reassembled the guitar and did a thorough setup to get everything to my preferred specs. The guitar is like brand new (except for one small scratch on the back) - which is great for a 16 year old guitar!
And damn, the guitar plays so well, and I love the versatility of the five way switch and series/parallel switch. I previously wired another dual humbucker guitar similarly, so I'm familiar with the sound of the different options, and especially like how I can almost get a Strat second position quack sound. And the guitar is very resonant, even when unplugged.
I can see this definitely becoming one of my favorites, and I certainly like it more than my Axis, in a large part because it's much more comfortable, but also I prefer the sound of it (despite them supposedly having the same pickups). The one thing better on the Axis is the neck, by a small margin, but the Reflex's neck is perfectly fine.
I think $1500 was a bargain for this. Sure, I can imagine the valuation of a Reflex might be lower, as it wasn't a popular model, and it's fairly old - but to me it's as good as as any current model today, and good luck finding a mint EMBB guitar for that price.
One minor tweak that would be cool: to put a white/mint pick guard on it! I'm not going to actually do it, but I have both a Tele and Strat in a similar, classic burst with the white/mint pick guard, so it would look natural to my eyes on the Reflex.