I know of the supposed quality of the MIJ Fenders. However, I think some of that may be relative. Fender started making guitars in Japan just a couple of years before the end of the CBS era and well into the current era. They were also made in the Fujigen Gakki factory, which also makes Ibanez. So, there is that added notoriety.
While it is as inaccurate to claim that CBS-era Fenders were universally bad, just as it is inaccurate to say the same about Norlin Gibsons, it is also true that a certain amount of discontent existed at the time with the CBS Fenders, whether justified or not. So, it is conceivable that some of the praise directed at the MIJ Fenders may be a result of a perceived superiority to the CBS Fenders of the time.
It is also true that possibly as much as 80% of the Fenders sold from near the end of 1984 to the middle of 1986 were Japanese-made guitars (“Electric Guitars: The Illustrated Encyclopedia”, Backbeat Books, 2000, page 94).
As CBS sold Fender in 1984, it is possible some of the acclaim enjoyed by the Japanese Fenders may be somewhat psychological, as it signified the end of the maligned CBS era, being that so many of the immediate post-CBS Fenders were Japanese. This is just a hunch. Again, I’m not saying the CBS Fenders were bad, because I didn’t have one then...but I do recall hearing people put them down at the time!
As for the price, I tend to think $1200.00 is a lot for a MIJ. I expect all non-MIA Fenders to represent some sort of a bargain or significant cost savings. The MIJ Strats in the OP just strike me as a pretty average to decent guitar and not worth the price tag. It does make me wonder if the price is an excuse to further jack up the prices for MIA units, since they are now quite a bit more expensive than their MIJ counterparts.