Will drill out and put in hard maple. I have already tried epoxy, a few years ago, and that didn't work at all. I saw a nice how-to recently which renewed my interest: http://fingerlakesguitarrepair.com/fend ... trem-stud/
I'll use a deep plug cutter drill press attachment to make the plug though - I don't have a bandsaw or belt sander like this guy.
I'm ordering a piece of maple and the plug cutter online, so it'll be a minute till my next update.
Stuff:
3/4" forstner bit
3/4" plug cutter
a piece of hard maple 1.5" deep to cut plugs from
I won't use a hole saw like the guy in the tutorial - will plug existing hole with dowel so the guide in the center of the forstner bit has something to bit into.
Here's a shot of the naked body. You can see a broken out chunk of wook on one side. The other side is cracked, not nearly so bad, but the post leans slightly so I'll do that one too. My only real concern in all of this is getting the posts exactly in the right place after I do the repair. I'll have to be really precise I guess.

Small amount of basswood between post and humbucker rout means eventual failure.