Re: Who has built a Warmoth strat? Comments?
If you know exactly what you want and are reasonable handy with a drill, screwdriver and soldering iron, building your own guitar is really satisfying. My Warmoth frankenstrat both sounds and looks much better than anything I could have bought for the money (assuming my time is worthless

).
The main thing that I would do differently is to spec a "Vintage Modern" construction neck instead of the "Warmoth Construction" neck that I got. After an unintentional A/B comparison with a Fender MIM neck, I believe that the thicker fretboard and double expanding truss rod in the Warmoth Construction sucks some of the highs and potential tone out of an otherwise great guitar. (Others are welcome to disagree with my humble opinion on this.)
I strongly recommend three books if you don't already have them (or a lot lutherie experience):
Guitar Player Repair Guide by Dan Erlewine can't be beat for set ups, making a nut, and tons of other stuff I never would have thought of.
Make Your Own Electric Guitar by Melvyn Hisc*ck may not be absolutely essential, but it's really great for figuring out trade-offs, selecting hardware, control layout and stuff like that.
Guitar Electronics for Musicians by Donald Brosnac is essential - a bit quirky, but it's full of good info, schematics, etc.
Warmoth makes really good quality bodies, and their prices on parts are also competitive. They are the "market leader". However, you should also take a look at
USA Custom Guitars, especially if you are building a Strat or Tele clone. (Warmoth makes a much wider variety of body shapes.) USACG focuses on Fender-like guitars and has more of a small-shop feel to me. YMMV
Oh, unless you spray cars or furniture for a living - or are a true glutton for punishment - I'd recommend having someone else put the finish on your first guitar project. Warmoth does it in-house and USACG bundles their product with a finisher called "Roxy". If you want to get some idea of what's involved in finishing, check out
The Guitar ReRanch. Read "ReRanch 101" about 3 times, then visit the forum. If that doesn't scare you off, dive in! (My first finishing project has taken forever and been really frustrating, but I've learned a ton and the final product is turning out well at last.)
Last but not least,
Callaham Vintage Guitars makes great vintage-like hardware for Fender-clones.
OK, so this is way more than you wanted to know, but what the heck. Hope it helps,
Chip