I don't know, I'm not very familiar with what a variax guitar can do. The GS-1 was publicly launched about a week ago at the US Summer NAMM convention. We'll get more info about it in a few weeks. Edit: There is a weekly podcast with the head of Boss Japan that gets uploaded to the Boss channel on youtube with the hashtag #talkwithboss. https://www.youtube.com/hashtag/talkwithboss Last week they talked about the new guitar with some demos as part of the talk. It looks like they've modified the internal electronics of the Boss SY-300 pedal to fit inside the guitar body. Considering the AU pricetag, I'll definitely pass. No mention of any lower priced models, and considering Boss has a history of bass specific versions of some of their guitar-synth and multi-effect products, no mention if we will see a bass version of this guitar.