What do you mean, 'for 8 he has nice chops'? For any age he has nice chops! Shit man.... Okay, his bends might be off, and what he's playing might be pretty boring and emotionless, but let's give credit where credit is due: he's fucking good. Aside from how fast he can play, just listen to how clean it is. I mean, you know that he can't have been playing for that long. He's not going to understand the finer points of music yet, like emotion and subtlety (many people who are adults don't understand that), but I'd say that he has what it takes to be able to play good music when he's older. You've got to have the basic skills to work with if you hope to make meaningful art, and he's certainly already got that. That kid is scary, and if he continues to hone his technique as well as master the art of how to play with feeling, and shred only when necessary, and other such things, he'll be a monster by the time he's 20.
And even if he doesn't, come on, he's 8 and he can shred like a motherfucker. I daresay that's pretty rare. =P