Fender will be releasing the Andy Summers Tele in the third quarter of 2007. It is a relic recreation of the Police guitarists heavily modified and heavily worn 1961 telecaster. There will only be 250 made, and Summers himself will be playing the first one on the 2007 Police reunion tour.
The guitar has a lot of quirkiness about it, like a built-in overdrive unit that is controlled by a third knob protruding from the body, in a somewhat random-looking location. There is also a pre-amp on-off mini-toggle protruding from the body as well. I guess he ran out of room on the control plate quickly.
The relicing of the finish is done very carefully, reproducing the correct wear marks to match Summers original axe.
I am sure the price on this won't be small, probably similar to the Jeff Beck Esquire model that went for over ten grand. This definitely wouldn't be my choice of Custom Shop telecasters, but it is interesting nonetheless.
Fender seems pretty enthused about this thing, and has even created a mini-website centered around the guitar. It's not that I am not a Police fan, I guess I just don't understand wanting a cloned guitar. Maybe if I was in a Police tribute band...