I agree, it's a really nice arrangement.
Beginners shouldn't be scared by all the 16th notes and the hammer-ons and pull-offs; it's a good one to just strum along to and pick up the bits and pieces as you can.
I heard that song for the very first time this year. It was playing on XM
Radio, and I remember thinking, "wow, that guy's got great tone!" I walked over to the XM unit to see who it was and get the song title. Hendrix, of course. Funny I'd never heard it before.