My impression is that rock and roll is...well, dead. Genres wax and wane in popularity, and so does the talent in that genre, as talent becomes attracted to other genres (you ask who the modern day Van Halen is: who is the modern day B.B. King? Or Frank Sinatra? Or Mozart? On some level, it's a silly question, because those genres have become somewhat passé).
A few years ago, garage band rock n' roll was topping the charts: The Black Keys, The White Stripes, The Arctic Monkeys, etc. Now, not so much - or at all. But as much as my soul is warmed by a tasty guitar lick, I'm okay with that, because the seasons change and all we can do is watch as they do.