So I have listened to Wasting Light about 10 times all the way through now, and I think it is certainly superior in memorability to ESPG and In Your Honour. The songs are extremely hooky, and this album will probably produce 3-4 radio hits: Bridge Burning (although less than likely because it takes so long to get into the chorus), Rope (already promoted up the wazzoo), White Limo (I can only hope), These Days (for sure; very easy on the ears), and Walk (IMO, the best and most memorable track on the album; many have called it the sequel to New Way Home from TC&TS, and I have to agree). I think two of the best tracks on the album will not make it to the "hit" lists: Dear Rosemary and I Should Have Known (here I definitely disagree with the review). All of the tracks are very, very good, though.
I think the musicianship on this album makes it the best of the Foo albums in that category, from the solo on Rope to the slow building fury of Walk. Lyrically, these are some of the most introspective songs they have ever produced. I think what keeps this from being among the best, however, is that the songs are almost TOO immediate, kind of like the hits off their past three albums: songs like Times Like These, The Pretender, Best of You. These are quality songs all, but they just aren't as original and fresh-sounding as songs like Good Grief from Foo #1 and Wind Up from TC&TS.
I don't want to make this sound like a smackdown of the album by any means. I think it stands as a Houses of the Holy among Led Zeppelin II and IV. A great album (did I mention that it is right there with the top 2 as their most cohesive body of work?) among all-time classics. I can still listen to Foo #1 and it still causes sparks as if it was the first time I heard it. Its rawness is something I real miss. I wish they took the analog recording of Wasting Light and didn't refine it so much to clean up the distortion of the instruments. I also think TC&TS has more energy and stop-and-go dynamics that they have not been willing to match since.
I still listen to Foo Fighters' 1st album and TC&TS more than the others. This album reminds me a lot of There is Nothing Left to Lose in terms of production quality, but it has a very different sound, much more serious and straight rockish. One by One and ESPG are IMO right behind these two, followed by In Your Honour. So a summary:
FF=TC&TS>TNLTL=Wasting Light>One by One=ESPG>In Your Honour
Diclaimer: I own all their albums and listen to many of them often (except In Your Honour, which I gave up on to a large degree), so I have some credibility when I judge them.