@Theaetetus,
Sure, this new version of GNR sounds more like the original GNR - but that's because Axl hired a bunch of studio musicians who make a living imitating certain sounds. Velvet Revolver is an entirely different band with a different musical direction. Unlike Axl's new crew, VR isn't trying to be GNR.
I say Velvet Revolver is more GNR than this new incarnation because of the line up of the respective bands. Velvet Revolver is ex-GNR members plus a new front man. The official GNR, Axl's new crew, is a bunch of studio musicians with Axl as the frontman.
Velvet Revolver isn't a great band by any means (though Matt Sourm's drumming is, as always, outstanding), but having heard a few of these Chinese Democracy tacks... well, I'd go see VR, but not GNR. And that's sad.