Guns N Roses (espec. Knocking on Heavens Door), Aerosmith, Meatloaf (espec. Bat out of Hell), ACDC (espec. Highway to Hell), Led Zeppelin (espec. Stairway to Heaven), Pink Floyd, Black Sabbath, Deep Purple... I could list more, but I think you get the point.
It's okay, but Velvet Revolver just aren't as good as Guns N Roses, no matter how many GNR members they actually have. The cover is actually about as good as the Pink Floyd version. Different, but not worse.