I got this tele kit for christmas last year and was hoping to have something to work on over the holidays. This idea however was abruptly discarded after the router bit i was using to cut the binding channel slipped out a few mil and gouged a big chunk of wood from the bottom of my guitar.
I was using one of the new dremel tools that has an automatic locking system, which failed to lock the bit in tightly enough. It took a long time (3 months!) to get Bunnings to concede that the fault was with the tool and finally give me a refund. I subsequently bought an older dremel that has a manual locking system and went about cutting the binding channel again.
I used the stew mac dremel routing bit along with the dremel router attachment, which worked really well. It cut cleanly and didn't leave any burn marks as some of the stew mac reviews suggested.
Gav T gave me some very helpful advice re colour choice a little while ago so I'm using MTN-94 products, which are primarily designed for graffiti artists and seem to be very good quality.
Anyway, on to the build diary!