I upgraded from a Jagmaster to a Jaguar Classic Player HH last year and have been extremely pleased with the guitar.
I don't really use all of the switching, but for my style of playing I really needed the tremolo. It has never given me any problems.
I also appreciate the versatility of the humbuckers (as compared to a Jazzmaster with single coils). If I were to make the purchase today, I'd seriously consider getting a Blacktop instead because of the simpler switching.
I play a lot of surf and classic rock. If you are interested in hearing my guitar and seeing me play, I have a video here.