Plus side: The second set is like a glorious hazy dance-a-thon, going to the usual June '04 places, hitting the usual high notes, occasionally shattering into crazy processed digital lunacy, climaxing in a scintillating Hood.
Minus side: Narcotized vibe flattens out Stash et al., entire month tends to blend into a single wondrous jam (which isn't nearly as excellent as you'd think (unsurprising since Phish's ludicrous brain-on-sleeve virtuosity has long been a big part of their appeal)); also, scintillating Hood has none of the all-arriving-at-once gallop that was a hallmark of the Old Days.
Plus side take 2: When I say 'glorious hazy dance-a-thon' *I am not kidding.* Boogie On > Ghost is one of the best moments of 2004, even if it's a lot like some of the other best moments of 2004. Dig?
Bottom line: Get it, but understand that Phish's 6/04 shows were very much of a piece, and miles away from the demon-acupuncturist precision and throwaway genius of the band's mid-90's coming of age.