My dream at the moment is to build my perfect guitar out of cheap Squier parts, just a bastard guitar using parts from strats, teles, duo-sonics and jagmasters.
This is the dream...
Telecaster neck with maple fretboard. 21 frets.
Jagmaster body, painted bright lemon yellow, and with a white pickguard.
Duo-sonic pickup at the neck, strat pickup in the middle, and jagmaster humbucker at the bridge.
Strat bridge. If it was the true dream guitar, it would have a Mustang bridge and vibrato system, but I'm only talking Squier parts here.
Ideally, I'd also like to have individual pickup selector switches to get seven pickup combinations instead of the usual five.
As for tone/volume pots, not sure. Probably go with the standard volume/tone/tone setup. It is a Squier, after all...