Ok here's my honest opinion...
The backing track needs more variation, it wears thin after a while, maybe a key change or change of pace somewhere would liven things up more. The playing is good, there are some great runs and for the most part very nice technique throughout however... (there's allways something!) the lead guitar sounds out of tune sometimes - not that the playing is out but the actual tuning on the guitar (could be the intonation on the higher frets). There was a nice 'Vai-esque' harmony moment starting at 1.20 which lead into the best part of lead (not the most technical part but the most stylish).
I like the guitar playing but don't like the lead tone, it's a personal thing but I thought it was too thin and squeeky (it can probably be EQ'd easily enough so no worries there.. What's your setup (chain from guitar through to speaker)?
Overall, I would would say this track has the potential to be great, all it needs is a new drum track with more variation and either a few more riffs OR another rhythm track playing a few odd harmonies to thicken it out and give it depth. I hope you don't read this as a bad review cos its not, as I said some nice fret work in there and potential for a great track. BTW .... one track per year??? What's taking you guys so long??? :p