I have just purchased the above "build it yourself" guitar kit. It's based on the Fender Telecaster design, it cost £71, although I will need to buy some proper pickups for it which will cost about £116. Still it will be 'cut price' compared to the real deal which would be around £500.
I have always wanted to give a project like this a go, I can create a truly individual and custom look, I may even consider getting an art student to give it a real custom paint job! Not like any of those grotesque guitars of Steve Vai's though, they would give me headache, my head is awash with ideas, I will post a pic of the finished article when it's done.