*cracks knuckles* hmm, okay
Before going into any details, I just want to lay across my basic points - I don't feel a consistent tempo in this piece (leads and rythym tracks will slightly wander, etc) and there's just no consistent tone in the guitar playing either. Embellishments/trills/etc will either be barely audible or sound very fret fartish. While this isn't going on 100% of the time, it's going enough enough to make a glaring difference to me.
First, at :05. String/fret noise during arpeggiating. Not sure if it's not holding down the fret enough or right handed muting gone bad, but either way it don't sound purty. Again, you hear it at :09. The note doesn't end naturally, and sounds very strained/amateur. Whenever you change positions (I can tell by the fret slides), the tempo stutters a bit and loses its place slightly.
In terms of the part with the lead - the timing's pretty much okay, but there's more of a problem with tone now. I get a little nervous listening to it, since a lot of the notes will just sound like they're not played with confidence.
I can write a lot more if you want me to later on, but I have a cold and it's hard to sit up and think coherently write now (have a nasty flu of some kind).