Re: Relic'd guitars, Love them or hate them?
I own a 59 Les Paul Historic Reissue.  I bought it REALLY REALLY cheap, because a previous owner, while apparently under the influence of copious amounts of assorted chemical substances, tried to "relic" it.  Rather than looking used and worn, it looked horribly abused.  He used a soldering iron to burn holes in the binding, and in several other places on the top and back.  The guitar was originally a Full-Gloss (not VOS) and the Iced Tea burst appeared to have been scratched with 600-grit sandpaper.  Some of the worst damage was to the headstock's faceplate where he'd installed  Sperzel locking tuners...and tried to hammer in the bushings...leaving deep dents all over the surface.
But...the guitar had a gorgeous figured top.  And so I bought it and spent over a grand to have much of the damage repaired...or at least minimized, and a light coat of finish to renew the gloss.  Looks good from three feet, but up close much of the abuse is still visible.
In the end, it was well worth the investment.  Might not look that great...hey, even a Tom Murphy-aged looks better, but it is a fantastic guitar!  It has a big fat neck, but strum the open strings and the guitar vibrates like crazy from stem to stern.  It has the Burstbucker 1 & 2 set and has that vintage LP tone.  Where others passed because of the guitar's looks, I saw the potential.  Big win for me.
I like new guitars as I've said.  I would never attempt to relic a guitar...no way.  And I take very good care of my guitars.  But I would buy a Fender Custom Shop Relic at the right price.  I know that there's more to a guitar than just its looks...I prefer the classic shapes...but I've played some fine "pointy" guitars too.   I prefer to choose my instruments based on feel and tone and intended application, rather than purely on looks.
The FCS builds Fender's best instruments.  Fender isn't dumb--they make a profit on these guitars.  Making a profit isn't dumb. The Relics have just superb feel, tone and playability...yet...players will dismiss them out of hand.  And all too often, the players who pooh-pooh Relics have never even played or held one!  To me, that's dumb. 
So you walk into a blues club and hear a cat just wailing on an old Strat and a tweed Bassman.  He's got incredible chops and tone to die for.  Do you dismiss him as a wannabe fanboy idiot if the "old" Strat turns out to be a new Relic?  That's dumb.
I'm often appalled at the closed-mindedness of many players in this biz.
Bill