Vince -
Most original Charvels aren't junk by any means, indeed. They were custom made in small batches by a small specialty company, with a LOT of hands-on work done to make them unique. Try an original vs. a mid 80s import, and there's NO comparison. Those originals were certainly each one of a kind.
This is just speculation on my part, but I'd bet dollars to donuts that the newest generation of EVH Charvels are likely run off en masse from a CNC router in the Fender factory, just like all their other mass production guitars you see in Guitar Center.
Sure, maybe they have a nifty neck carve and a better fretwork/setup job - for the money, there better be - but there's nothing revolutionary at all in the design that justifies those $3,000-$15,000 pricetags. 15 grand for one of these is what...100 times more for basically the same simple parts EVH originally used? With a not very complicated, taped-off opaque paint job on a pedestrian basswood body? With all due respect to Ed....pah-leeze. There ain't no fretjob or rockstar autograph THAT special...taking future Antique Roadshow collectability out of the discussion, this is nothing but a massive gouge based on EVH's cult of personality, pure and simple, and further aided and abetted by the specialty guitar collector/dealer network who'll snap them all up the moment they roll off the assembly line.
Yes, EBMM, Gibson, and most other manufacturers use CNCs too - it's more economical and consistent to crank out a bunch of necks and bodies that way. But it seems to me they put a bit more work and finesse into the finished product than Fender because their production is smaller (however, I too have seen some really stoopid high priced Gibson clunkers on the shelves over the years...too many for my taste, in fact...and their prices keep going up up up, which is the greatest mystery of 'em all)...
At least the Page guitars were from their Custom Shop, had a set-in neck and hand-customized relic finish, and were an even more limited run of the first guitar that JP ever officially endorsed (and arguably, Led Zeppelin was a more popular band with an even larger fanbase - I don't have exact numbers, but I'm pretty sure they've sold more albums than VH has - so there's even more nutjobs with too much money out there willing to pay the hefty price to a scalper...whoops, I mean dealer).
Look at it this way: for 15 grand, you can get a pretty exquisite custom-made guitar made to YOUR specs by many top independent luthiers. You can fly around the world to their shop, book a hotel room, figure out the most minute details with a consultation session or three with the luthier, use the choicest, rarest woods, have them work on your guitar exclusively, aggravate them over the phone while it's being made, and get the finished product with several thousand in change left over in your pocket. For instance, a top of the line John Suhr guitar is about 5 grand-ish...you could buy three for the price of one EVH Charvel that you've basically seen already done a zillion times by other builders for a lot less.
So yes....perhaps if one is going to put one under glass or lock it in a safe somewhere, the new EVHs might be investment-worthy. As a player instrument, though, even the $3000 entry level cost for a production model is just really, really ridiculous....