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I would argue they don't have much of a character, I know they do their job well but they're not very sexy... Knoworrimean?
Very much so. I'd actually agree with you, they're quite vanilla amps - but I think that's why they can manage to tick the noisy / clean / grungy / pristine / hifi / lofi boxes all in one. It's very much a jack of all trades - doesn't do one thing amazingly, just does everything really really well.
I was never a huge fan of Fender amps, my background was always Marshalls and Oranges and Matamps and the like, amps which start out dirty and get dirtier, total riff / noise machines. But when I picked up a Fender Hot Rod III 40w I was really sold on it. I bought it as a dirty surf amp, and it isn't that - the spring reverb on board is really rich and smooth, no ugly 'doink' on it at all - but what it is is a brilliant sounding pedal platform. Every pedal I put through it, from dirty compressors to springy reverbs to pristine delays to horrific fuzzes just sounded brilliant. (The dirty channel is not worth bothering with, but the clean is lovely.)
It's arguable if you'd consider it to be part of the Fender 'history' - it's not a very characterful amp - but if I were going to have just one amp to do everything I do, that'd be the one. It's a proper swiss army knife. I'm actually on the lookout for one at the moment, just keeping my eye out for a bargain. You can pick them up for £300-£350 if you're quick.