For many years I felt that Fender guitars are just parts-bin instruments, and do not have the quality of craftsmanship that other guitars demonstrate.
While the parts-bin description is accurate I think, I have come to understand that there is craft demonstrated in their construction and finishing. Aside from that, it doesn't matter if you think they are overpriced pieces of crap or not. Fenders - Strats and Teles in particular - have defined certain benchmark sounds by which other guitars are judged. Same with Les Pauls.
You'll never hear that said about an Ibanez.
All that having been said, it always comes down to "play what you like."