Yes, you read me, and indeed I think so.
I will list a few reasons why I think it's better, this is strictly personal and you can feel free to say whathever you want, you please and make your own comparisons.
But here we go...
DT12 has an awesome intro, I&W, doesn't.
Don't like very much Pull me Under. Yeah, the guitar riffs are cool and the prechorus is pretty nice as well, but the chorus kills it, it completely ruins the song and... Well... It just goes on and on until it finishes. The enemy inside is a much better song overall, I think it's more consistent and firm, has much better lyrics and is more emotive as well.
Another Day, along with Pull me Under, are the weakest songs on the album for me. I'm not very fond of the Looking Glass either, but man, TLG is more emotive than AD and would listen to TLG before AD anytime. AD isn't a very creative song.
I've got to recognize Take the Time is so much better than Enigma Machine, which isn't a really impressive instrumental.
Now... I'm not going to compare song by song because I don't think that's a real fair album war. Just these because they are the intros.
After listening to both, I feel like I want to continue listening to Dream Theater much more than I&W, why?
Because DT12 is way more consistent and feels like a much more focused effort.
That's it. I feel like there are much more memorable sections in DT12 than in I&W. And while I&W has Masterpieces such as Metropolis, Surrounded and Take the Time. I cannot say I really hear any other song in the album, maybe Wait for Sleep but on very rare situations.