This thing is finally all together. The watermarks in the fretboard are all polished-out and it is shiny again. The only thing missing is strings and a name on the headstock.
This one is kind of a joke and an experiment in just how cheap you can build a guitar. The body is dry-erase board over plywood - no finish - with Tolex side binding. Dry-erase board is Masonite covered with Melamine. The neck is 100% Radiata pine, even the fretboard. The "inlays" are glitter and CA glue. The pickguard is the other side of the dry-erase board - 'chalkboard'. The pickup mount is a 57 cent switch plate.
The 1/2" flush-cut router bit came today. I mic'ed it, and it is just a few thousandths shy of 12.7mm. I put my old 3/8" / 9.5mm bearing on it, with a spacer I made from a tiny washer, and did a test cut. Then I swapped the bearing for 10mm and did another. These Yonico bits are nice because they color-coordinate with DeWalt tools !