Well in terms of a musical album...
I think he's done the exact right thing in just trying to capture the spirit of the tones, content and the music but giving it its own stories and identity. I didn't expect him to literally sequel song concepts, I just expected references and similar themes...
Wow though, this is going to be really cool as he may rap about today's teens and connect it in that way: with the political subject-matter etc. it's going to be interesting hearing a more adult Em analyze things like this, he made a pretty great choice of timing / reaching 40 to do this album actually. Initially I thought the concept was lame @ '#2', but considering the monumental fact of his age, and that correlating with his old house now being old and rundown and worn...
Seems to make a lot of sense, and it works well.
I love the fact he said he's working as hard as TES era but just all in the music. This makes me trust that the album will be amazing/probable classic. If it's not then he really doesn't have it in him to make a classic any more - because for this much of his attention, brain power and creativity... and this amount of time... this HAS to be a classic. Wow, potential full blown classic in weeks.
Awesome shit.