New Pioneer is a company primarily oriented on professional market. Pioneer is the manufacturer of audio equipment for clubs (professional multimedia players like CDJ, mixers, vinyl turntables). This is the reason why their turntable is not a re-issue of Pioneer own turntables from the past, but just a "clone" of Technics for lower price, it’s not bad but it was valid only before Technics returned to the business with their iconic turntables adored by professionals and audiophiles, now on the low side you can buy brand new Technics mk7 for about $900 (or any higher Technics models if you wish to, including top of the line SL1200G or SP10R).
The difference between Pioneer strategy and Technics strategy is obvious. Technics made audiophile gear like SP-10R (the best direct drive available today new). Pioneer did not make anything equal to their old Pioneer Exclussive p3 or even p10 yet.