Should stop hijacking a very interesting thread now (carry on sir with the best gt-r build i've seen in ages ). Anyway yes, VVEL does everything VVT and VVL did except it can control lift all the way to zero. With a VVEL setup you don't need cold start or a throttle body .
straight from wiki:
"Nissan VVEL was first introduced to the US market in late-2007 on the 2008 Infiniti G37 Coupe sporting the new "VVEL" VQ37VHR Nissan VQ Engine (VQ37VHR motor specs: 11.0:1 CR, 95.5mm bore, 86mm stroke, 7500rpm redline). VVEL variable valve timing is now also used in the smaller VQ25VHR engine seen in the Infiniti G25 and the VK50VE V8 engine from the Infiniti FX50.
A rocker arm and two types of links open the intake-valves by transferring the rotational movement of a drive shaft with an eccentric cam to the output cam. The movement of the output cam is varied by rotating the control shaft with a DC stepper motor and changing the fulcrums of the links. This makes the continuous adjustment of the amount of the valve's lift (e.g., the amount of intake opening), during the intake valve event in the four-stroke cycle, possible. C-VTC and VVEL together control the valve phases and its valve events, allowing free-control of the valve timing and lift. This results in more efficient airflow to the cylinder, significantly improved responsiveness, optimizing the balance between power and environmental performance."