what a beauty!!!!
https://www.ebay.com/itm/2006-Alembic-MJLB-5-Signature-Standard-Bass-Buckeye-Burl-5-String/273122546114?hash=item3f975f51c2:g:tvkAAOSw5E5as0iY
Is this prepped for a future upgrade to Series electronics? Nice looking bass!
That would be a good guess though, the hum cancellor may just be there for the visual impact. I think I would do the same if I was having a custom non series bass made.