I listened to this a half a dozen times when it first came out, and feel that the sound is excellent; sounds a lot like the lp I have of this (without all the groove wear!). So . . . no. . . I don't remember it sounding the way you seem to, and I don't remember the bass notes.
Flurin also said this sounded bad in the store when it came out. . . . I'm wondering if this European version is the same transfer I have here in the US or if there is a pressing problem, etc.