I read the last few pages of this thread, plus Wolfking's thoughts on it. Here's my .02:
AVFTTOTW is a really good Dream Theater record. In some ways, it is the most "Dream Theater-like" record that they've made since Mangini joined the band. Many of you have broken down the tracks and made good points about sections and such. So I won't jump on that. I'll just go by "feel."
I think the last two records have been where a lot of bands DT's age are. You're not seeing a lot of new ground. You're seeing them come back around to do what they do really well. Fates Warning did it with Theories of Flight, and probably (IMO) didn't need to do Long Day Goodnight. But Theories really gave people the entirety of the Alder-era catalog in style in one nice big package that was one of the best albums of their career. I feel like between Distance Over Time and AVFTTOTW, we have that with Dream Theater.
The production is wonderful, the songs are solid, the musicianship top-notch, and I think James sounds wonderful on both.
Are they top-5 in DT's catalog? For me, no, and I am guessing for most, that would be no as well. But for me, they are by far more consistent and superior records to the handful that came before them. DT has seemed to dial in nowadays what they do well, and they are doing it.
Now if they did this five records into their career, that would be an issue for me. But looking at almost 40 years, and 15 records, it makes a lot of sense to me. They are still relevant, making new music, going out and supporting that new music (which I absolutely applaud, as some bands make new records and then don't play them, relegating them to nostalgia). Dream Theater is saying "this is who we are, we love our new music, here it is." As a fan since the mid-90s when I first heard them, and a proud fellow native Long Islander, I couldn't be happier that the band I loved in the 90s has come back these past two records and made albums that really encapsulate who they are, from a historical perspective.
There just comes a point where there aren't a lot of creative mountains to climb. Love it or hate it, I think The Astonishing taught Petrucci that. I'm not a fan, but I can appreciate the bold experiment. But I think most fans would agree, the direction wasn't quite...what we expect from Dream Theater. And then boom, records followed that very clearly were in the ballpark of what most know and love from DT.
A View From the Top of the World is a solid addition to the catalog that is exciting to listen to and while it may not break any new ground, it's a fun romp through what Dream Theater does best.