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There are a lot of great bands listed in this thread. It just goes to show that music is subjective. I could argue that a lot of people are way of base with their choices, but that is like arguing over if you like peas or not. If you do great, if not, I can't convince you they are good.
I do have to agree with the Zeppelin stuff though, a lot of people know them as the worlds greatest and most popular cover band since pretty much every song on their first record they stole from other acts. They were recently forced to give those original acts credit on their new greatest hits album. I also agree with the Kiss thing. I have actually seen them live a few times and it is a pretty fun show, but they are so overrated. They basically had a couple of hit songs and were able to milk those songs into a decades long career.
But enough about them. You want lame and overrated. Pretty much turn on any popular radio station these days and write down just about every new band you hear. Today it is all about the single. A band will come out with a hit single and every talks about how brilliant they are and what big stars they are and what impact they will have and then a year later they fall off the map never to be seen again.
Many of the classic bands out there benefited from a lack of competition and a record industry that was interested in developing lifelong acts, not hit records. If Bob Dylan came out today he wouldn't get a record deal (or he would get signed on a small label and never be more than a footnote in history).
I would also say, while I'm not a big country music fan, most country music these days is overrated. I was driving with a couple of friends the other day and first a song came on by a group called Big and Rich. He loved it and I thought it was one of the worst things I had ever heard. It was like country rap. Then another song came on that was kind of rocking. He says he loves this new style of country music that is a little more rock influenced. I said, "You know, I liked it the first time when they called it The Eagles." So I would put many of the newer country acts on the overrated list as well.
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