I disagree. While SRV's version is raw, uncut, and full of emotion, I love the Hendrix version. The multi-layered sounds, the his delicate guitar parts through a Leslie, the slight use of phasing. Oh man! That's 2:24min of pure sonic bliss that will have you on another planet. Sadly, I wish this song was 6:00min long. I would venture to say........its the most beautiful 2:24 in all of rock/pop music!

But, sometimes I admit, I'm in the mood for the SRV version. He plays one crazy run the second time through the progression after he cranks it up. Just amazing.

I guess it depends on what kind of mood you're in.
-Derek