I did not hear the rumors, but I'm glad they are not true.
The neck looks great - nice and glossy! The body colour looks similar to Aussie "jarrah" stains. I like what it is! Funny how a build can take you on a journey that you had not anticipated!
As far as the Grover tuner letters go - I have read that they are codes for the machines that they are cast from. An in-house tracking system.