Just wire the pickups in parallel and put a kill switch on each hot lead. You will want to wire the pots like Gibson did, I think, to keep the neck vol from turning down the bridge pu and vice versa.
BTW, I think the normal 3-way selector is a lot simpler. You only have one switch to fanangle for neck, neck/bridge, bridge.
The walnut looks beautiful!!!!
Yes, you'll have annoying buzz without it. As I understand it, your body is an antenna collecting radio noise. If the strings aren't grounded, all this radio noise is not directed to ground and can get into the strings (thus into the pickups) or go directly to the pickups. When you touch amp/guitar ground, you take your antenna self and ground it, thus dumping all that crap to ground.