1. Since I'm still using the Austin body and neck, will it still be a really crappy guitar?
ask yourself what you dont like about the guitar and you'll have the answer. If its mainly the tone and aesthetics then the answer is no. if its the action and playability then changing the body isnt going to help, but there are adjustments that can be made to the bridge and neck that can improve its playability
2. I'm going to swap out the pickups and this is a main question of mine...Can I switch out the neck pickup and replace it with a Tele pickup?? yes
3. I've heard about fast-fret, and products like that, but what do they actually do? they work but there not going to improve the guitar's overall playability. All fast-fret is is lubrication (heh-heh) for your strings and fretboard.
4. Is it really worth my time and money, will it become a better quality guitar, or will it just be a nice looking peice of ****?
That depends on what you do to it. I would become a little more educated on the process before I got to deeply into. let me know what it is you don't like about the guitar, in detail, and i'll point youin the right direction.
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