I think you guys are missing the point... this doesn't have anything to do "over-compensating" or "being caught dead playing the thing"... maybe a little background would have helped things a bit.
This comes out of ESP's custom shop. It's an example of the imagination, art and craftmanship of these guys. It was never meant to be played (actually - never sold either. If it would go up for sale guesses are about $20,000.)
If I were going to pay to have someone build a custom guitar for me I would want to know that they are capable of doing extreme, immaculate work.
BTW; I own an original Ovation (no electronics), Les Paul, Strat, Fretless Strat and a Schecter Guitar Research. My next is PRS.

The most exciting phrase to hear in science, the one that heralds new discoveries, is not "Eureka!" but "That's funny ..."
Isaac Asimov