I made one that came in at about 32g, and I've been flying it for eight flights or so -- I think it's going to be good for five to ten points in the turns and overheads, even though I still can't consciously feel the plane through the handle.
So now I'm really motivated. The frame of the first try weighed in at 25g. I trimmed, and got the frame of this one down to 12.5g. Bushings brought that up about half a gram, and soldering the bushings on (since I could I figured I should) added about another 1/3. The other 7g are balsa, dowels, and epoxy. The dowels are there because try #1 chafed my hand a bit; it wasn't enough to hurt or injure, but it was distracting. I also have a notion that if someone wanted to go into production of these things you could adjust the size of the hole by swapping in larger or smaller dowels.
The reason for the funny patterns on the frame is because it's made out of a surplus circuit board for a customer project, rather than CF. Trying it out of CF will be my next step.
I'm still not ready to beat Paul, but man, but if the handle doesn't make a difference I'm subject to one heck of a placebo effect!