He does own the 5150 and EVH copyright and all that. I'm just saying this isn't the first (or last) ridiculously overpriced tribute guitar put out, and that it's the guitar makers who came up with this idea.
Agreed, but the EVH guitar is particularly galling because the original wasn't even a basic-spec Strat or Les Paul. It was a DIY project, crudely slapped together from cheap parts and sprayed with bicycle paint. I bet if you played the original it would turn out to be a piece of shite.
The idea of Custom Shop "master builders" spending hours carefully replicating Ed's hammer-and-screwdriver routing and wonky wiring borders on the obscene.
If EVH wasn't such a money-grabbing sod he'd have refused permission for them to build these guitars. And he'd have advised fans to buy some parts from eBay and build something unique for themselves.