If you were a young'un during the reign of Motorhead / Iron Maiden / NWOBHM, or the mythical "1977" thing, then I can see that. But that's not the context I heard them in. (Do ya feel old yet?)
Of course conjecture is conjecture -- but I seriously doubt Cobain would be lionized if he was still alive (same for Jim Morrison et al)
For one thing, he'd have to make another 13+ years worth of records, and I doubt they would have all been as successful/popular/acclaimed as the early work. The "genius" of dying young is, your best work doesn't get diluted.
(Though of course Axl's taken a lot longer than 13 years to do a record -- but look where he's at these days!)
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