All you are doing is putting a volume control between the two coils of the humbucker. The Washburn VCC is the same thing.
It's not really a graduated coil tap; the effect is more complex than that as the pot is using one coil in the pair (and a capacitor) to create a circuit with a variable resonance peak as well as an adjusted spectral content .
A couple of options are shown here.
The capacitor is there to stop frequencies consistent with mains cycle hum from draining to earth, thereby maintaining the humbucking function while allowing variable frequency content above these values to be filtered to earth. however the remaining coil acts as a high pass filter and the combination of the two is what changes the overall time constant of the circuit and it's resonant response.