Nice :) Les Pauls are where its at for me too, although I'm kinda in the same place as you coz I got some cash set aside for a new electric and I'm thinking of a strat but I'll wait till I form a band so I have a better idea of what I need in a guitar.

You say you're gonna replace that squire, my advice would be keep it for spares and to work on. I've still got mine coz its good to play about with and when I use it on stage I can beat the **** out of it :D