Overrated - Yngwie Malmsteen; albeit he is proficient in theory and technique, he's written the same album countless times. I saw him at the last G3, and during the 'G3 Jam', he kept interrupting Satch and Vai with the same thing, that is, a flurry of notes, cyclic patterns, the same rehashed crap he's been doing for decades.
Underrated - Nuno Bettencourt. Contrary to a lot of modern shred, Nuno employed a lot of interesting, almost funky rhythmic work to compliment his lead playing.
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