I always saw the Jag-Stang and Cyclone as aimed at different crowds, as theyu came out at different times.
The Jag-Stang came out in 1995, onlly a year after Kurt died, and from what I recall, at least, where I lived, Kurt, Grunge, and such was still rather popular, and kids getting into guitar thought they were cool because it was a "grunge guitar" created by the "grunge spokesperson for a generation". It was aimed mostly at Nirvana fans.
The Cyclone I consider more of a blind "alternative guitar", since it came out around the time (actually, a little after) Fender started making the Super-Sonic, Jag-Master, and lots of other guitars that were moderinized derivatives of the original "grunge guitars", and were aimed mostly at people without as deep a pockets into bands like Bush and so fourth. I recall even in those days a lot of the Nu-Metal, Alternative, Retro-60's, or whateveryou callem' bands were using those guitars, or their older relatives, and many of those bands sighted players of the originals as influences.
As far as I go, I consider the Jag-Stang a great guitar basewise, but it does need a little TLC and tweaking to get right, but once they are tweaked right, they're great. I've only ever owned one though, and that's my main guitar of almost 8 years, and shares that title with my Jaguar (since I play those two the most, as well as a red highly modified Kramer Focus 3000).
As far as the Cyclone, they're much better than the Jag-Stang stock, but they are a whole different animal tone wise via the scale length and pickup placement. They sound NOTHING like a Jag-Stang, and tend to be a little more naturally snappy due to a slighly longer scale. I've played both through a JCM2000 TSL at GC (my Jag-Stang versus their Cyclone), I like the Jag-Stang better. I may still pickup up the cyclone eventually, if the price is right.
