It's one step away from saying "I prefer their older stuff
This can be annoying if its a snide twat looking down their nose at you when they say it but I can think of tons of bands who were better earlier on in their careers but not so many who peeked during the latter half of their history.
This can be annoying if its a snide twat looking down their nose at you when they say it but I can think of tons of bands who were better earlier on in their careers but not so many who peeked during the latter half of their history.