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Sorry marnold. When it comes to a guitar body it might as well be MDF. I can't stand basswood either. I'm sure its probably just me but I swear I can hear a distinct difference in the way they sound. To me they feel cheap and sound cheap. Like I said probably just me. I have been building furniture for many years and the brief time I had the pickguard off I would have swore it was MDF but then again it was way too light for plywood.
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I really do not mind it being basswood either. I knew it was cheap when I bought from MF for $99. It really surprised me when I got it. Plays and sounds much better than I expected.