I think Malmsteen is the worst of the current G3...his music just makes no sense; it's repetitive and everything just sounds like it looks...a blur of black 64th/32nd notes scribbled all over a page. Nerf, you're right about Rhoads being great but he and Jimi Hendrix died too early for yours truly to believe that they're the top guitarist overall. I pick Clapton just because he's broadened his genres throught over 4 decades of respectable music...he's played practically every genre of music imaginable and made it sound easy. My favourite guitarists are Page and Hetfield...Page cuz he's just so cool and he could play any genre, and James Hetfield just cuz he's such a solid rhythm player, and I bet he could play solo if he wanted to.
Sip: you're right, I have the Dvd's you're talking about and the most current one with Vai, Satch and Malmsteen...it's nice to watch a song or two, but I'd never jump into my car and blast one of their songs. It's cool to see the masters do things that I could never consider attempting, but their music is harsh on the ears and not near comparison to Clapton's "crossroads" or Page's "Bron-y-aur stomp". Just my opinion though.