Bought this album on a whim today, after hearing a few tracks off of it. Sounded decent enough for me to buy.
It essentially, as one already put it, a "VU Unplugged" style of album. Some of the songs sound kinda neat in a different atmosphere or performance than originally recorded in a studio environment.
The sound quality is a bit dissapointing. Sure, for those of you well-accustomed to VU recordings, particularly their demo songs or live bootlegs, this isn't that bad. But as has been said, it could have, with modern re-mastering technology, been much improved. The mic feeds back severely during Cale's "The Biggest, Loudest, Hariest Group Of All", and there is some slight distortion on a lot of the tracks. While some of these are inevitable to be seen on the recording, I feel there was much that could have been done to repair the bootleg. The last two tracks, enclosed as a "limited edition bonus", are pretty much crap. I even think the quality of the demos on the first disc of the "Peel Slowly And See" box set sound better than these two.
All said, it's a decent album, and if you don't have the bootleg version of this recording (sorry to some reviewers; just because you're a VU fan doesn't mean you have access to these expensive, hard to find bootlegs), it's a good way to go. One more note: Amazon says only 10,000 copies of the limited edition packaging will have the last two bonus tracks on them. Huh. My disc's serial number (they are all numbered) is 10,078. Hmmm.