Cheers for the offers too guys, I'll think on it. I'm thinking longer term though, possibly to be buying round April. Also, my olds are passing through San Fran on the way back from the UK in Feb, so I might give them a birthday list...
It's a shame the pickup manufacturers don't do more sets. That would be much easier to communicate to the olds. The SD Hotrodded Humbucker set is good value at US$130, but I went a bit cold on that pairing after playing an ESP LTD EC1000 or something similar with them in it. Again, underwhelmed sums it up best.
I know that new pups aren't an instant leap into tonervana, but I've had instances where I've picked up a guitar with certain pups and just heard something that I liked, like the Iommi sigs or the Blackout that was in the Alexi 600 for a while.
Ed - I had considered trying to grab one of those TM Iommi SGs, if only to swap out the pups and then flick it on for whatever I could get for it. I have decided to persever with the LP for a while. It feels nice, stays in tune ok and has great sustain, but needs a good setup and the electronics are pants. I do actually want to try and make something out of it though, and if it turns out later that I'm on a hiding to nothing I'll get what I can for it and lick my wounds later.
What you're saying about a better guitar makes perfect sense, but talking it over with the missus, she's pretty opposed to me selling it. She'd rather I hung onto it and got another guitar later when the money situation is rosier. I'm all for that! But it'll be some time. In the meantime I'll see what I can do to improve my lot piece by piece.