I'm pretty much in the same boat as ytserush on this, even down to the players.
For me, it's not any one thing; it's a decent song, the players certainly seem like nice guys (at least Bobby; I don't know the other two), any time musicians are having fun there's a chance for something interesting, but as a whole this just doesn't seem to have legs. I don't know. It just doesn't scream "you HAVE to hear this!" (and no, I don't need a 75 minute prog opus in six parts with orchestra for that; I think Mike's cover records with Neal are stellar.)