Nice write up. I agree for the most part.
If you do buy the dual-disc. Watch the DVD on the making of "Stand Up". It explains a lot. The producer of the Album is a "sampler". So he basicaly would sample a particular rift when he had one artist jam by himself and then sample it. Whether it was a drumb beat, or a bass rift, or Boyd playing the violin.
He would then take that sample, loop it, and have other members jam on top of it. and voila, a new song was born.
I agree, their live performaces are MUCH more interesting, energenic, and lively. It's a shame that most of their live stuff isn't nearly as crisp as audio recorded in a studio, but I doubt they would ever be able to create something as good in the studio as they can live.
That being said, the last Album that I liked a lot was "Before These Crowded Streets." (After "Under the table", and "Crash") Most of the tracks on "Busted Stuff" has long been being played in concerts, and their in-studio versions feel very... hm... anticeptic??
Improv, jamming, and just having fun is REALLY hard to capture in a studio I'd think.
The new live CD sets they have been putting out though are excellent I believe!!
http://stores.musictoday.com/store/default.asp?band_id=1
I haven't seen these in stores, yet I rarely go to B&M stores to buy my music anymore; pre-ordering often includes freebies that are cool.
It's no suprise that at their concerts I'd say 60% or more of their performace is from the earlier material/albums, born out of the begining of the bands existence.