Musically he was superior to Van Halen.
Eddie needs to learn how to play in tune first.
And his guitars are downright atrocious looking.
Ed's earned the right to make money from the various signature products that he's endorsing. He changed the way that a ton of people play and the sort of gear (guitars, amps, etc.) that are played and produced. The simple solution is if someone thinks Ed is "all about the money", then don't buy the product. However, if someone likes the product and feels that the value is there, then enjoy it and make music or, in the case of the sneakers, wear 'em around.
Well I see it this way...
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