Excellent advice guys. There is quite a few things I could have done alot better on. The hiss is from not having the recording volume at the best level. The amp was turned down way too low and the mic way too high so It was picking up alot of white noise (I guess that's what its called). I agree with the distortion guitar being bright and brittle...my drummer has always called me "treble boy". I play through a Marshall so I know I can dial in a much richer sound, I just have to make myself do it. I'm a bass player who tries to play a guitar (not too well but its coming). Once we get the vocals in, I'll try to tone the distortion guitar down a bit and that should help.
I'm using Cubase VST 5 to record and I'm still learning how to use it. Once I get a couple of these projects under my belt, the sound quality should be better.
Again, thanks for the advice and I welcome anyone else's opinion.