Not as good as American Idiot. This album is too long, they've complicated it too much, and too much of it is just filler - annoying intros (eg. Song Of The Century, American Eulogy). I think that they should have put all the energy into making a better, shorter album.
However, there are some songs on the album that redeem:
East Jesus Nowhere
Before The Lobotomy
both Viva La Glorias.
All in all, it's an okay album, but don't expect another American Idiot. Some songs are quite boring, but there are still some gems. 21 Guns is easily the standout track.