What sets it apart and above the rest is the depth of the album. For instance, while "There is Nothing Left to Lose" begins with three great songs it sort of tapers off as the album progresses. Not so with "The Colour and the Shape."
Songs like "Monkey Wrench", "My Hero", "Everlong", and "Walking After You" are well-known (and maybe slighly overplayed when it comes to the first two) but all 13 songs are quality listens. Moreover, the album grows on you with each spin -- I remember liking some songs but not others at first but now really like the whole thing. I really doubt this is an album you would grow tired of or only hear a lot at first and then let collect dust.
I think the Foo Fighters are one of the coolest bands around and this represents the coolest of their work. Each song is pretty good; the guitar on this album is rugged and hard-charging without ever devolving into headache-inducing noise.