I'm surprised nobody has mentioned this yet, but here it is:
I bought the LE kit, assembled everything and then began playing. Now, I was not using the Hofner at the time because I also picked up the Rickenbacker, which I love. The Hofner is for my girlfriend who plays Bass, so it works out quite well. She comes home later in the evening and looks at the Hofner and falls in love. It's a great looking piece of equipment. Then we start playing...
My girlfriend is left-handed, so the fact that she is playing that guitar just like Paul makes me smile. It wasn't until the third time she hit the PS button that I noticed that they put it on, for her, the top of the guitar. Was that really necessary? The location is exactly where she rests her wrist, so it's going to be a pain for her to re-learn her playing style.

To sum it up, the PS button is in a poor location considering that it is based on a left-handed player's guitar. Like many other things, it is just not built for lefties.