The studio version of Cyanide should sound a lot better... And The day that never comes has grown on me quite a bit, love the jamming session at the end, and James' vocals.
As for the debate about how good Metallica are these days, well obviously they aren't as good as they were 20 years ago, after the few problems they've had and ageing. The material they write will never IMHO touch the AJFA album but they still write some good shit. Load and Reload were fine albums, if people cant seem to like songs like The Outlaw Torn, The House Jack Built and others from there then fine, just don't blame Metallica for your lack of variety in music taste, because there are plenty of people that enjoy them. One thing we can all agree on though is that St Anger is dross and I seriously doubt the new album will be so poor. Some of the preview riffs on their site sound promising, and judging by the amount of riffs on The day that never comes there are going to be quite a few.
On a side note, agree with those that say Opeth are class.