I would say that yes, it is in fact a great album. I liked everything they put out between Gish and Mellon Collie. Adore was a little hard to swallow since I liked the sound of their earlier stuff so much, but I grew to appreciate Adore and MACHINA. As you can probably tell by my username, I used to be a hardcore fan...I had t-shirts hanging in my room that I wouldn't wear for fear of getting them dirty, I bought about 20 bootlet concert CD's at $25 a pop, and always wanted one of the original Earphoria promo CD's that went for $200+ on eBay (never got an original). Now I still really really like them and they will always have a place in my heart but I can't say with certainty that they are my absolute favorite band anymore. I feel that the magic was lost after they let Jimmy Chamberlin go (though that needed to be done so he could straighten his addicted butt up).
You can watch the video for Today or the Viewphoria video and tell that they had a lot of fun together. They were a pretty funny/strange bunch though, especially Billy and James Iha. Not as weird as some other bands though!