It almost meets the two half way in terms of eq and output. The mids are more pronounced than an EMG is, and I think thats how it resembles a passive, because it's more open and less compressed, yet very quiet.
The SD Blackouts are the 2nd Gen of the Metal Live Wire. The only major difference is the addition of a quick-connect (MLW is hardwired), and it uses 25k pots as opposed to 100k for the MLW. They both require atleast 18v to run the preamp, and I'm not sure if they are capable of an additional 9v of power, totaling 27v.
I'm too scared to try it...

I was thinking about 18v + a 1/2 dead 9v to see if it has anymore headroom.
The mids of the MLW are almost too much, and I'm able to dial in a better sound if I scoop the mids slightly w/ my preamp.
I really like the different sound that's offered, but they aren't very good at emulating an EMG, there's just no substitute really.
They're a nice alternative to an EMG, and a nice middle of the road between active and passive.
I'm surprised that there isn't already a Bass version of the Blackout on the market, or is this going to be an entirely new design?