Saul, you have a point. But that old stuff has been hanging around for years, and will probably be used in a moment of desperation. If we're in for another few years of waiting, I think it would be a brilliant move on Axl's part. He's probably got some hidden gems. I've always wanted to hear that song 'Nightcrawler'. It was mentioned several times before UYI came out. Doing this demos/rarities album would satisfy his fanbase, but only for a little while. I think releasing this might give us a better chance at hearing CD. It would funnel money to Interscope, and they wouldn't be as likely to abandon Axl's project. Unless of course, its the loophole I mentioned above, and releasing this sort of album would mean he didn't have to release CD.
Not only do I think axl would never allow "demo's" of his music released , if he were to release OLD demo's he would also have to go through the legal process of finding out how much he would owe his former bandmates and whatnot .. too much hassle involved.