Late to the party, as usual, but this is hilarious.
http://www.wired.com/entertainment/music/news/2007/10/shredders
The good stuff is at his website: http://stsanders.com/www/pages/videos.php
I especially like the Eagles and Queen, though the Steve Vai and Jake E Lee are works of, well, not art, but something.
– Tom Fredrickson is the proprietor of the unparalleled music blog, Lost Wax Method.