It actually doesn't need much (touche, Squier!)
I was planning on replacing the neck with a 24" mahogany neck, maple fretboard, tele headstock (but the neck's good, so I might have a hard time justifying that).
And the pickups aren't bad. I like the neck pickup, and I'm gonna replace the bridge pickup with a lipstick single-coil.

I need some education on RW/RP.
I'm guessing the neck pickup--not the bridge pickup--is RW/RP? So if I replace the bridge pickup, I'm going to retain the RW/RP relationship and hum-cancelling operation with both pickups on?
Make sense?