It seems like an Ultra Luxe with stainless steel frets and regular pickups (not the noiseless the Ultra line uses). This seems like a big premium for standard single coils and stainless frets.
Nitro finish and some have ash bodies.
The prior Ultra Luxe models were something like $2,650 before their recent price cut so we're talking a $350 increase (give or take). The Ultra Luxe were always $4-500 more than the "regular" Ultra (which has now been replaced by the Ultra II).