A Global Army of Veteran Rockers
Peter Buck (decades past his best work, but....belongs..)
John Williams (the classical-Australian guy....not the Close Encounters soundtrack/Boston Pops guy...)
J Mascis = Dinosaur Jr and also "J Mascis and the Fog"
Check them out first.
Beware "J Mascis solo" which is also great but leans more toward the acoustic/mellow
Bob Mould (of Husker Du, Sugar...)
The guys (and gal) from Sonic Youth...again obviously not "new" at all, but I am a bit of a latecomer...caught some live stuff on TV that just mesmerized me (on the aforementioned Palladia live music channel, which I recommend you start wasting your life within)
Doug Gillard (of Guided By Voices 1997 to 2004 edition) slays but in limited doses, you need to hunt for them...Pollard being the control freak and all...
This one might be pushing it and it's very OLD..... like not that much more recent than Hendrix, but I recommend you check out the music of Anthony Phillips....the pre-Steve Hackett guitar player for Genesis.
He's the guy who played the (killer) guitar on "The Knife" (one of Genesis' most classic tunes)
He only made it thru 2 Genesis albums and he quit due to "stage fright" (so I've heard) in one of the sadder more bizarre rock tales over the years, I suppose.
But then he went on to have a KILLER and very prolific solo career....almost as great as Gabriel's although obviously nowhere near as recognized.
He released (among many other albums) a series of albums called "Private Parts and Pieces" parts 1, 2, etc, like that, it went up to at least Private Parts and Pieces Part 6 or so
One of these (I forget which one) is an album of nothing but guitar duets with Phillips and Enrique Berro-Garcia
A positively revelatory album for guitar lovers.
I know Jon has heard them and digs some of them, but guess what?
They're all over 40
Just like me!.....and Jon ;<)
I think the style has really changed. You don't hear a lot of long solos anymore. But I mean, who really wants to compete with Hendrix and Clapton?
I hear 2 different styles now: what I would call cabaret rock and singer-songwriter-only-faster. When you listen to newer stuff, what are you hearing?
Can't forget PRINCE
That dude can certainly play guitar....kinda unbeknownst to a lot of people who are otherwise familiar with his work
Check out his solo on While My Guitar Gently Weeps here:
And while you're in there, tool around on some of the other covers and some of the great homage in there from Bill Janovitz, one of my heros and a great guy/great rocker from my hometown.
Many of these are great....make sure you listen to his "Here Comes A Regular"
I know Prince's work,and yes he is awesome,and very under rated as a guitarist.Saw him in concert a few times.Was at the superbowl,it rained the while game until he played.I saw him play a solo in the song ,"America" i realized how good he is.
Back in the early to mid 90's I really loved Marc Ford's guitar playing (Black Crowes).
He always played a really tasty solo.
His albums with The Black Crowes: (1) Southern Harmony and Musical Companion, (2) Amorica (3) Three Snakes And One Charm. Amorica is probably my favorite with Southern Harmony coming in a close second by a gnat's hair.
I'm not sure what kind of guitar player you're looking for but Marc definitely nailed it for me in the classic late 60's early 70's Clapton kinda thing - to make a comparison.
Another tasty guitar favorite of mine is Gary Louris of The Jayhawks. Listen to the album Hollywood Town Hall. Great stuff!