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.
I went into the electronics, and reversed the leads on the volume control for a nicer 'sweep'. Then I started troubleshooting a problem with the passive tone control that turned out to be an interaction with the EXP circuit. Long story short, the EXP disables any tone control that is downstream from it. I moved the tone control upstream, and now it works fine. I have a separate review for the EXP tone control, I'm not all that impressed, but I'd say try it yourself, it's not expensive or difficult to install.