Any modern band that comes close to Mahavishnu Orchestra ?

So, speaking of talent, and only talent not how it unfolded, in my view the best two men with electric guitar are John McLaughlin and Yngwie Malmsteen. With acoustic guitar - John McLaughlin and Paco de Lucia. Malmsteen could've become much more than he did. So could Shawn Lane whos technique was quite incredible but the rest of him was not.

Give badbadnotgood a listen.

Boogie #69
https://www.youtube.com/watch?v=bV8TKHaT7X4

Velvet
https://www.youtube.com/watch?v=hx_O1wlhAgk

Inna, my top two would probably be McLaughlin and Oz Noy. 

Tostadosunidos, music aside, Oz's fingers are in slow motion.

Another great fusion band from the 70*s/80*s nobody has mentioned was Pierre Moerlen*s Gong. Great stinging guitar solos by Allan Holdsworth mixed with jazzy sax and xylophone riffs backed by Moerlens fluid drumming.  Best albums:   Shamal, Expresso ( aka known as Gazeuse ),  Time is the Key and Downwind.  Have them all on lp don*t know if cd copy is available. Someone else mentioned Brand X WITH Phil Collins which I also endorse . Sounds similar to Return to Forever with Dimeola. Also recommend the original and later version of Tony Williams Lifetime.  The later version featured Allan Holdsworth and Williams powerhouse drumming.