Twangfest!
Interesting recording this. I can see where you are going and the tune youre aiming for but I think the mic is letting you down. Did you record this with the built -in mic of a Mac or something?
It needs a little compression on the tracks as well as some EQing to try and cut out the occassional harsh buzz. Also it would be nice if the rhythm guitar was played with fingers (or less harshly if youre already doing that) to give it a smoother toner. It would contrast better with the solo guitar then.
Anyway this song is definitely worth a listen and with a little effort this track could be awesome. Good stuff.