The plan right now is to find a replacement USA neck, preferably Maple, for a reasonable price (hopefully around $200!). I'm scouring eBay at the moment in hopes that a good one will pop up.
I'll procure some good locking tuners if the neck doesn't come with a set already.
After I get the neck on I'll assess whether or not pickups are are part of this project too. I'm tempted to convert it to a H/S/S setup. I really haven't had a chance to see how she sounds yet because I'm to cheap to waste a set of strings on it with the incorrect neck in place!
The clear coat is heavily cracked and chipped so I'm going to refinish the body... I intend to stain it with a strong Cherry stain and paint black racing stripes (because stripes are awesome). I also want to swap out the pickguard for a black/white/black 3-ply and put some new pickup covers on it.
Here's what it looks like today and a rough Photoshop of what it will look like when I'm done:
