I don't think Jimmy Page is overrated at all, as a guitar player or as a musician. Skullfunk and otherse were talking about the difference between technical skill and musical talent. I think the key to Jimmy Page is his combination of both. He had the hands, but he also wrote all of Led Zeppelin's songs. Robert Plant mostly just helped with lyrics. Listen to some of their softer acoustic stuff, Jimmy Page is much more impressive in those songs imo. For innovation, look at the heavier stuff. It takes guts to pull out a violin bow and experiment on stage in front of hundreds of thousands of fans.
I also agree that George Harrison was underrated.
Many people base their perceptions of how guitar players are rated for their technical skill on lists like Rolling Stone's top 100 guitarists. A lot of those lists aren't looking purely at skill, they're looking at innovation and musical talent as well. For that reason I don't think Dave Gilmour is overrated. He certainly doesn't hold a candle to countless other guitarists with respect to speed or skill, but his solos were so lyrical he truly turned the guitar into a vocal instrument.
I also agree with skullfunk about live performances. If anything, the energy from the show should make you better, not worse. That's why I like Led Zeppelin.
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