I think you're right. It's disappointing. A lot of the stuff he talks about in this interview about what makes the Pumpkins special is because of James' influence -- notice how that stuff was entirely missing from Zeitgeist, and what a shit album that was.
Quote:
The parameters in which we could operate were so wide...we could roll songs like Soma out, or Mayonaise, and go to a Geek USA, which a lot of bands really couldn't....
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http://i.imgur.com/hoSRrf7.png