I bought this for $400 as a scratch and dent demo model from Sweetwater:

I dropped it at my local luthier for a full pro setup, and fret job.
Then I swapped out the selector switch with a switchcraft, and a black bezel:

Then I tore out the crappy Epiphone guts...

Then put in Seymour Duncans: A jazz neck pickup, and a '59/Custom hybrid trembucker in the bridge.

Then the hard part...ouch. New pots were English, not metric, so didn't quite fit the holes:

Then installed new pots, wiring, and tone caps with my wee little soldering iron. Made up a custom wiring diagram using bits from Seymour Duncan's website, and youtube:

ready for the knobs...

and now here's my final product:

Jazz pickup is switchable between series and parallel operation, while bridge pickup is switchable between single-coil and humbucking operation. Much versatile yummy goodness.
I may still fiddle with the tone cap values and types, but right now it makes plenty of beautiful sounds to keep me satisfied.