There seems to be a general consensus that the quality of Fender electric guitars declined from some time after the CBS take over to some time after the 1980s revival. Certainly my experience of 2 instruments made in 1974 was not the best. But does that matter? It seems to me that this downturn in instrument quality had absolutely no effect whatsoever on the quality of music being made. Lots of great great music was made in Fender's not so good years, and it sounded great too. I cannot remember ever hearing someone say "that album sounds lousy because of that CBS Fender on it" or likewise at a live gig. So is Fender's alleged dip in quality simply irrelevant?