All good advice from DarkMark there. However I happen to like the feel of a Tru Oil finish on a neck, so it's all just personal preference.
The only other comment I'll add (again, personal preference) is using synthetic sanding pads instead of steel wool. (sometimes referred to as "synthetic steel wool") I loathe the tiny steel particles that come off the steel wool. Especially is there are pickups within a mile radius. They inevitably end up on the pole pieces, and are a bugger to get off!
You can get various grades (grits) of synthetic sanding pads at woodworking suppliers (not the Big Green Shed) or you can even grab green Scotch-Brite pads from Woolies. They work a treat, but they only have the green, which I've heard are roughly about a P400 equivalent. IME I find them a little finer than 400 as they leave way less witness marks than 400 paper.
And FWIW, I find the green Scotch-Brite perfect for de-glossing a neck to a satin feel.
just edited to add: the green Scotch-Brite pads at Woolies are in the cleaning supplies section (usually around the dish scrubbers and such).
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