while it is true that it is always "the painter and not the brush", i do have an affinity for the split p.
even though it's "just punk", there are things to be said for knowing what you want to sound like. fender teles are beautiful, but the stock p/u is pretty wooly when you're looking for attack.
i found this neck on ebay and won it for $190 and had my friend cut the body from a solid chunk of mahogany following the shape of a '78 tele. so, all in all i'm only into it for a few hundred dollars.
p.s. i am now playing jack casady routed out for a split p... i like them that much!