Thanks all the words of wisdom-thats given me a lot to look at. What is the deal with the Gibson Classics? Although I'm not a name snob, it would be nice to have Gibson on the headstock!
They're proper Les Pauls, no catches or corner-cutting that I'm aware of. The only odd thing about them is that they have high output ceramic pickups (500T and 496R, I think).
They have skinny "slim-taper" '60s necks, and they're easy to spot because the inlays are a yellowish (rather than whitish) pearl colour.
I think the model has now been renamed the Les Paul Traditional 1960. Don't think it has the yellow inlays any more.
I'm pretty sure they're distinct guitars. The Traditional is what the Standard was in 2007, when they introduced the chambered, Tone Pros bridge, locking tuners version of the Standard, they kept making the old one and renamed it Traditional.
The Classic was a slightly lower end guitar, with the aged inlays and the daft "1960" scratchplate. Not sure exactly how it was lower end, but they were a couple hundred quid cheaper than the Standard (back when the Standard was £1200 anyway).