Hi Jabba,
I play in a power pop band and my soloing style is a very middle-of-the-road, "commercial" style, perhaps similar to Neal Schon in his Journey days, or ironically enough, Steve Lukather with Toto. My first love has always been metal, though - I grew up in the 80's with Van Halen and all the hair bands. That being said, I think you will find that just about any rock playing style still has a pretty firm base in the pentatonic or blues.
In response to your question, I would say yes, most definitely, if you have small hands and play the blues, I think the Luke would be a good fit. My hands are on the small side and I've always had trouble not only with the wider stretches required for the post-Van Halen modern metal legato styles, but also with the basic rock and blues "thumb over the top of the neck" bending and vibrato technique. Right before I bought the Luke, I got a 1994 Ibanez S540 equipped with their famed "Wizard" neck because I had read so many raves about how thin and easy to play it is. It is thin - although not as thin as I expected - but it's quite wide as well, and that extra width makes the "thumb over the top of the neck" technique difficult to execute if you have small hands. I stayed away from the JP for that reason - I was told that the neck is similar to a cross between a Wizard and an Axis, which makes sense, since JP used to play an Ibanez.
The Luke has a very narrow neck - but it's also quite thin, much thinner than the Wizard. The V-shape worried me prior to buying it, but I find that it's hardly noticable, and may in fact help bending and vibrato because the back of the neck is slightly asymetrical as a result of the V, which gives your thumb a bit of leverage when you hook it over the top of the neck. As a point of reference, I owned an Axis Sport for a short time - another guitar that many players with small hands recommend - and while I greatly admired the obvious EBMM quality and workmanship, I found the back of the neck too round and chunky. To my feeling at least, the Luke is much easier and more comfortable to play than the Axis. Not only is the neck smaller, but unlike the Axis, it also has a back-of-the-body contour similar to a Strat, which makes it fit more comfortably to your own body, the Strat-like flared left "hip" which allows you to rest your elbow on top of the guitar while you play, and a longer lower horn, which provides more support when you play sitting down. Pickups are a personal choice, but I also much prefer the Luke pickups to the Axis, which I found somewhat muted. People love or hate EMG's - they're perhaps a bit "sterile" - but let's face it, it's Luke's guitar, and they provide a very processed, studio/commercial sound, which is his sound. I like them because the singles are noiseless, and along with the humbucker, provide great sustain. I'm sure it'll be a perfect guitar for recording.
Sorry to be so long-winded - I just wanted to help, the way others on this forum have helped me. Hope this was of some aid to you in making your decision!