Wel, it's no longer "new" at all, but I've had a couple of these Epiphone models with the P/J pup configuation and I think they are aces.
I did own a "real" '76 Ripper for several years and I loved the feel of the thing but I could never get muc more than mud from it.
Back in 2007 I scored a natural-finish Epi Ripper that I loved but had to sell a few months later. Really wish I still had it.
Just a couple of weeks ago I found a black one used at a local GC. It's really a killer instrument, especially for the price I got it for. Now I'll be looking for another one in natural to keep it company.
Obviously this is a very UN-Gibson like bass, and aside from the body, not even similar to the original Ripper. I happen to like the differences. I prefer bolt-on necks for a number of reasons for one thing.
I am very fond of the stock pickups on these. They sound far fatter than Fender P/J styles. I think it might have something to do with the fact that the pickups are closer to the neck than they are on Fender basses.
As I say it is very fat-sounding, but has a lot of clarity. Good trebly growl from the J pup too. Lots of tonal variations.
I think this bass is suitable for any style of music, though of course aesthetically it might not work out for a 50's-type rock and roll band, or a surf band, etc.
For any music made after the original Rippers came out in '73, though, it's perfect. For me at least.