Yeah, that's a killer deal. Hell, strip it down and put a nice stain and oil on it, and that's one classy Explorer.
I've heard the Raw Powers are quite good, but i've never really gone over one in detail or played one myself. I have, however, heard some negative things about the Smartwoods, that they're thinner than a regular LP and that the woods they used don't actually sound all that great... more of a marketing gimmick than anything.
I love the look of the Raw Power LPs... i remember Billy Duffy of The Cult had a stripped Custom that looked just sweet. Too bad they didn't do the Raw Power with a lightly figured or spalted top... that plain flatsawn maple does look a little plain.
Like most guitars that use what are considered to be "tone woods", Les Pauls are quite finnicky... you have to play a lot of them to find one that has that right "ring" to it for your ear... not to mention the subtle differences in neck profiles, finish quality and pickup sound that people seem to encounter.
Now that i think about it, i always hear about people having to play lots of Fenders, PRSes and Gibsons to find that one gem that's just "right", but you almost never hear about people having to go through that with basswood-bodied guitars. It's like basswood is either tonally neutral or remarkably consistent from plank to plank.