On Jan 21 there was a post on the Fender blog with the following quote: “soon-to-be Fender signature artist Billy Corgan of the Smashing Pumpkins” Which would indicate an official signature guitar is on the horizon. Along with that post was a great video of Billy visiting the Fender booth at Winter NAMM 2008.
The blog post and video have since been removed by Fender so it appears the community team jumped the gun a bit in sharing the news of this signature guitar.
EDIT: the Fender blog post and video that were unavailable since Jan 24 have now returned. (Jan 29)
Fender Blog Post with video [link]
The online buzz is that the strat will be the one he’s been playing on the latest pumpkins tour. The newish looking 70s styled strat. And it will come in 2 colors, black and white (creme?).
Hopefully Fender will give some official info soon.