There were some interesting developments in 1992 that proved to have long-lasting effects. Kurt Cobain was still alive;  he and his band Nirvana started making some pretty good music, which ultimately was and continues to be a pretty strong influence on Generation Y (or whatever they're called).

Red Hot Chili Peppers found their voice (trading in their penal sock puppets for some musical depth). Sting made an interesting fusion of rock and jazz. And Stone Temple Pilots brought the chords crashing in the anthemic "Plush."