It's a synth guitar... It's got a Roland pickup inbetween the two buckers.
Fender just came out with a new VG Strat that has a Roland in it that allows you to select from standard tunings as well as between tele and strat sound, humbucker single coil sounds, and acoustic and twelve string sounds... With a flick of a switch it synths the guitar into alternate tunings too... drop d, open g, modal d, standard, and some other common ones.... Pretty cool stuff.
Synth guitars were all the rage back in the 80's.