This has been so well dealt with, and everyone with a little logic and reason knows he is not a racist. I mean lets look at it in a normal way and see who has Axl worked with in GNR: Slash (black), Frank Ferrer (latino) and Bryan Mantia (mixed race). This is not what you would expect from a racist.
Seriously... A black man was a big part of Guns N Roses. Michael Richards was a friend of the black community. Compare that to Mathew Langford Perry ("Friends"), or Don Imus, or Thomas Jefferson, who hated blacks to death. So no, I think the "One in a Million" controversy is BS.