I've owned three Yamaha basses, RBX 250, BB350F, and RBX 765 and I've loved all them. While I don't still own the first one (similar to the one you're looking at, but about 12 years older), I do know who has it and could get it back if I jonezed for my first bass.
I've owned one Ibanez and sold that noodler shortly after I bought it. Worthless.
The Ibanez is going to have a flimsy thin neck that appeals to guitar players and flimsy thin tone. The Yamaha won't be much to write home about compared to high end basses, but with good strings and a good amp, it'll do what you need for a long time.
Things to watch out for:
1. In the store, the bass with bright tone will sound better, but it might not be.
2. With any budget instrument, build quality will vary from instrument to instrument even in the same model, try out as many as possible.
3. Make sure the frets are even and smooth.
4. Make sure the neck is straight with just a slight bow (relief) between the nut and the 7th fret.
5. If 3 & 4 are true, you won't hear any buzzing on any fret/any string.
6. Get the store to do a setup when you pick one.
7. Try to get one with as even tone as possible across the frets/strings.
8. Learn to play "Sunshine of Your Love" and jam out.