Well, I'll toss my hat into the ring.
I have a Fender California strat. These are decent guitars with vintage style hardware and
texmex pickups. I think they were a great value and they have held their value very well. Made in the U.S.A., sprayed in Mexico to avoid EPA regulations.
I will probably never buy another Fender again. Why? Well, their quality control is rising, but so is their price. $1000 for an American Strat is not a bargain. They use mediocre quality wood and decent hardware and electronics. Sure, it's a nice guitar, but not $1000 nice. Ten years ago, you could get an American Strat for $700. Granted, the QC and electronics were even worse, and they had swimming pool routs and other "invisible" cost savers, but they were more affordable.
If I were looking at a Strat or Tele style, I'd definitely look at G&L first. Their fit and finish are much better than your average Fender, their pickups sound better, and they are around the same price. My buddy had an S500 that knocked the socks off a Strat any day of the week (until it got stolen). He paid $1000 with a hardshell case, brand new.
Personally, I'd rather build the guitar. You can get Warmoth guitars that have much better wood and your choice of parts and pickups for hundreds less than a new Fender. And the quality of new companies like Schecter is providing some steep competition.
But if you must have a Fender, you must have a Fender.