I was close to buying a new Gretsch a couple of years ago before Fender got involved....but at the time, they were too expensive for the quality you got.
Consensus at the Gretsch Pages forum was that the electronics were ALWAYS going bad within a year, the strap holder button was generally breaking off within the first year, and the pickups were so bad that a lot of people were buying the TV Jones pickups as soon as they bought their "new" guitar....I didn't want to drop $1,500 on a guitar only to have to immediately replace the electronics, pickups and strap button.
Plus, Setzer himself was starting to demand that the sig model be built to HIS specs, as the tops were the wrong thickness.
Apparently, Fender has directed Gretsch to make some changes, having immediately put in better wiring (I believe Switchcraft), introducing new models with TV Jones pickups, and putting on strap buttons that don't break off.
What I'm saying is, I would go for a new Gretsch today....but any prior to Fender's involvement I would stay away from.
(Note: Fender-Gretsch guitars have the serial number and "Made in Japan" stamped on the back of the headstock....before that, the serial number was inside the guitar and a tacky gold "Made in Japan" sticker was placed on the neck joint).
Rick, I am glad that you got the guitar YOU wanted! You knew you wanted a Falcon, so getting any other Gretsch would never have satisfied that desire....now you got one that you can be proud of!
Joe