I've had a rough old Spanish guitar since I was 18 but never got very far with it. Then a couple of years ago when my son said he wanted an electric guitar, we got on the learning curve together and haven't looked back.
Currently working on a list of 10 songs (by the likes of Otis Rush, Peter Green, Bob Dylan, Cream, George Harrison, The Clash, Iggy Pop, and others) that I intend to start gigging in a few months time, plus a couple of metal numbers (Avenged Sevenfold, Trivium, etc.) which my son wanted me to learn so he can practice his dual guitar parts with me. He's only 15 and as you can imagine he has very fast fingers so I have to work real hard, which is good for me. He's about to swap his Jackson 'V' for an Ibanez RG so we'll transfer his active EMG pickups onto the new guitar. Shredtastic!
My tutor is a wonderful classical guitarist but turned to electric (something he'd wanted to do for years) 6 years ago and discovered his rock 'n roll roots. I'm more a blues/jazz guitarist but we get along very well. My lessons are several hours long each Friday. I come away pooped, but happy.
I just bought a '92 Strat Plus Deluxe (black and a bit sparkly). It needs a fret job, but it sounds awsome. I can't wait to get to know it better, but my current favourite is my '94 Fender Telecaster (chrome blue): That guitar is hot wired to my emotions.
My wife plays a Shine bass - she decided she might as well join in - and although she's only been at it a year or so, she's starting to sound quite smooth.
When I have somthing recorded that I feel good enough about, I'll put a link to it on my profile.