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My 3 Favorite songs of all time are:
Kansas - Dust in the Wind
Pink Floyd - Wish You Were Here
Jackson Browne - The Pretender
But as for new songs that I like, I started listening to some Bon Jovi and like:
Blaze of Glory
Its My Life
Thank You For Loving Me >>
Dust in the Wind by Kansas is an awesome song! I have it on CD, it's a live recording. I downloaded the album version and I PREFER the live version! It's just totally wicked. I learned how to play it on the guitar, myself.

I don't know it all, just the intro... it's cool.
All time favs? Stairway to Heaven, Black Dog, Babe I'm Gonna Leave you (all Led Zep), Money (Pink Floyd, duh), Day Tripper (Beatles), Dust in the Wind (Kansas), Hotel California (Eagles), Victim of Love (Eagles).
Most of the modern stuff isn't quite as mind-blowing as the older stuff such as what I mentioned. So most of the "favorite" stuff would have to be older. Of course I love listening to newer stuff, I enjoy listening to vast variety of bands, punk, rock and neither.. it's just that the new stuff, I guess needs time to sink in, or fade away.
-RSI