Ok, maybe I need to do some explaining.
If any of you ever heard me play, you would note something - I just can't play that fast. However, this is very much a limiting thing for me; i don't sit around telling myself it's good because I work on "feeling". The next thing you might notice is the stuff I listen to; Vai, Satch; Malmsteen? No, more like U2, Dylan, Hendrix, Coltrane, Miles, Radiohead. Most of the guitarists I listen to are fairly slow, but they play beautifully. Edge from U2 is one of my favourite guitarists and he only plays solos with three notes in it. So, I hear you say, it's the feeling that I am attracted to... No it's not. The reson Edge sounds good is a combination of the cool effects he uses and something that might come as a surprise: his choice of notes. If note choice is what you call feeling, as you have to use your "feelings" to play the right notes at the right time then fine, that is extremely important - but to worry about how much feeling you are putting into the actual notes is to miss the point in my opinion.

On the other side of the coin are people like Charlie Parker and John Coltrane, Coltrane plays extremely fast, but he sounds amazing. He knew what to play - though each note in itself was not particularly important, the effect of them together created the right sound. He would have worked on his tone, sure, just as guitarists need to work ont heir phrasing or the eq on their amps, but it is what he played that made all the difference.

The reason I don't listen to Vai is because his music is boring, not because he doesn't have any "feeling". To suggest that he doesn't put feeling into his music is silly, because he obviously is extremely passionate about it.

Basically I agree with Ed, but I am coming from a different definition of feeling. To be able to paly ffast is very useful, and something tha tin my opinion should be sought after much more than the ability to think of the first time you got laid every time you play a unison bend...