The PWM10 is a mass-market version of Waggoner's PWM100Prestige which was unveiled a year earlier. Differences include a Wizard III neck (replacing the PWM100's custom neck) and a different tremolo. The PWM10 has an ash body S series body bolted to a maple and bubinga neck with a 24-fret rosewood fingerboard with offset dot position markers. Components include and Edge Zero II double locking tremolo bridge and a pair of Wagonner's custom Mojotone PW Hornet humbucking pickups which can be coil-split.
For 2018 the maple and bubinga neck was replaced with maple and purpleheart and the rosewood fretboard was replaced with jatoba.