Old school EMG J's. I think they're identical to what you get now.
His tone is not what most people describe as an EMG tone, but then he's a pro and knows how to twist knobs. He gets the same tone in his newer Fenders.
If you click on my band's myspace link and listen to the last song on there, "Grace Starved World", you will hear a Valenti J5 with EMG 40J's. You'll have to turn up your volume because the recording level was low for some reason. It's only a 45 second sample but it's got a good fingerstyle tone in that clip IMO. It really cuts through the mix with guitar and keys, I think anyway.