The fact you compare this to Pink Floyd or the Beatles is even more ridiculous. Which PF or Beatles album didn't have one real single on it? Sorry, we can agree to disagree.
I don't want Time to Pretend 2 either---but i want coherant, well thought out songs, which this album doesn't pretend to have. The drivel that was released before the album was released as a "joke" was indeed a joke---of a song to actually listen to. (Flash Delerium to be exact) I get it that they wanted to release an album with no singles---which is what they did. The problem is there isn't a coherant melody on this album, and that was the best part of MGMT period!
We have seen a lot of bands do the same thing, so its not just them. Heck- I didn't care for Wilco's more experimental Ghost Is Born at all either, but their latest self titled effort is one of my favorite cds, period.
But I'm not going to give a band a free pass and pretend to like something even when its just not very good. The whole "its so bad, it really is good, I just don't realize it" argument just makes me yawn.