Of rock players still knocking around I'd say the most impressive is Greg Howe, who started off doing Van Halen/Satch stuff but now is more fusion oriented. Check out his debut 'Greg Howe', his Van Halenish 'High Gear' and the fusion 'Introspection' to see what I mean. Boy has he got speed, as fast as Shawn Lane for sure.
Tony McAlpine is also one hell of a player and has toured with Steve Vai. His solo stuff is a bit too neo-classical for my taste but he's done great work with fusion trio CAB which features Dennis Chambers on drums. :cool: