The setlist is..well..all over the place, but it does have enjoyable and improved gameplay.
Sound - About the set list..not my favorite to say the least. Its everywhere, classic rock, death metal, prog, to even a little bit of the Gorillaz. I'm personally a metal head so I can only point out a few songs I like.
Graphics - Not much to say here, looks great but its not like your looking at the background when your playing. If your watching someone play though, it is a notable improvement from Smash Hits and Guitar Hero: Metallica.
Value: I bought this game in September, and took up the offer to get Van Halen for free. This is the main reason I bought it, because I've been a Guitar Hero fan since 1. A good abundance of songs to make sure that even if you didn't buy it in September you'll get your moneys worth.