You don't have to apologize. Basswood is probably one of the most polarizing woods in guitar building. Some despise it because it just says "cheap" to them and it is very soft. I can't imagine making furniture out of it--at least furniture that you wanted to last. The grain is usually pretty ugly too. However, a good number of the high-end shredder guitars are made of basswood. It's probably not my favorite wood because of how soft it is. The weight varies a lot, though. Normally it's quite light. My old Fender Showmaster was feather light. On the other hand, my Charvel Model 7 weighed a ton. It was by far the heaviest guitar I've ever owned.
From what I understand, basswood grows quickly and is readily available, which makes it a good choice for guitar bodies, especially if sustainability is a concern (which it almost assuredly will be).
FWIW, I just had to do the toothpick and glue trick where the control cavity screws into the body. The screws did not want to screw in tightly anymore. Oddly enough, all the pickguard screws go in and stay in just fine. To my ears, my '51 sounds better and louder acoustically than my alder-bodied Jackson does. The Jackson's floating licensed Floyd probably has more than a little bit to do with that. The Jackson's neck is also much thinner.