Actually, it's a combination Jaguar/Mustang body, and the pickups are a lot hotter than you'd find on either a Jaguar or Mustang.

Cobain wanted a Tune-O-Matic bridge, NOT a Mustang vibrato (which Fender refused to go along with for some unknown reason).

I've played a few, and they're decent guitars, but I think the Cyclone would do the same job a lot better, for cheaper, and with a bit more tuning stability.