Some very nice sounds indeed! I especially liked the mid gain sounds in channel 2 that he achieved while playing a telecaster. I wasn't overly impressed with the channel 2 sounds while he was playing a Gibson Les Paul. Don't get me wrong, he played well, but it sounded a bit dark to me.
I loved the clean sounds I was easily able to achieve in channel 1 of the Lonestar when I owned it. However, for me, channel 2 of the Lonestar lacked what I was after in a high gain sound. I do like the sound "he" achieved in channel 2, but it is not the high gain sound that I am after in an amp....and I don't mean "Metal High Gain" either. Personally, I was not able to get the classic rock crunch and sustaining lead sounds that I was after from channel 2 of the Lonestar.
Can the V achieve the exact same sounds as the Lonestar.....probably not, but the versatility of excellent clean, crunch and high gain footswitchable sounds that the V can deliver are what does it for me, but that is just me.
Why do people still buy the LS you ask? Because it is a badass amp for what it does, and it does it really well! The LS and MkV are really too completely different animals IMO. Both are great, it really just depends on what you are after.