Well, I listened to St. Anger. And yeah, it wasn't exactly good... but I've heard far, far worse than this album. At the very least, I'd listen to this over Reload. I actually thought "Frantic" was pretty good. Well, musically it's good. The lyrics get so ridiculous that it's legitimately hilarious to me. Besides that, though, most of everything else ranged from decent to boring. I think there were a couple other tracks I sort of liked (I think "The Unnamed Feeling" was one), but it's still a big step down from mostly everything else I've heard from the band. Also, I'm not really one to notice production flaws in music (all of Dream Theater's albums sound fine to me), but with this album, the production does sound weird. There was one song near the end that sounded like it wasn't edited whatsoever. Also regarding the production, everyone was right; the snare does sound like a trash can. That seriously made me start laughing when I first turned on the album and heard it.
So yeah, kind of decent album with some comedic value but not much interesting besides Frantic. That's my first-impressions verdict. I can totally understand why people hate this one, though. But personally, when I compare any of these songs or even the album as a whole to songs I've heard that I would consider the worst I've ever heard... It's nowhere near that bad.