Like you said, they can be interesting in that they offer features not available in other models. I'd never buy a signature guitar just because of the name on it, but I would buy the signature guitar of a player I didn't like if it offered something I was interested in.
There are some folks who seem to abuse the tendency of people to buy signature guitars, Zakk Wylde being at the top of that list. He'll slap a black and white bullseye on a turd and call it ZW Signature Feces if it makes him a couple of dollars.
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