Guitarist said he hoped to reunite with Axl at the band's induction, but now accepts it will never happen
Sticksman says he's working on a screenplay for the project
Singer writes an unusually upbeat letter, thanking fans and media for their support
See Slash, Duff McKagan and Steven Adler perform 'Appetite For Destruction' classics
Guns N' Roses, The Faces, Red Hot Chili Peppers and Beastie Boys among inductees
However, Wood's Faces bandmate Rod Stewart will not make tonight's ceremony either
Velvet Revolver man says it's about the songs and the fans – and not the singer's decision not to attend
It seems the singer will be inducted after all…
Singer will not attend this Saturday's (April 14) ceremony, telling fans: 'Life doesn't owe you your own personal happy ending'
Chuck D, Bette Midler, ZZ Top, Carole King, John Mellencamp and Steve Van Zandt will also welcome artists in the fold