You good present this to a record company and be confident they would at least consider it. My caveat would be that what the song has in quality and "radio friendliness" it lacks in "that something extra" or " something different" that marks really great new and upcoming bands like Nirvana had, RHCP had, or Bright Eyes is using to break through the clutter with. On the other hand, record people obviously stick with what works much more often, and this tune "works". I would certainly market this to them if I were you.