Late last year the musical entity that is called Smashing Pumpkins released their latest album, Monuments to An Elegy. The Pumpkins were never really more than a band in name only. During their heyday the “band” consisted of guitarist/singer/songwriter Billy Corgan, drummer Jimmy Chamberlain, bassist D’Arcy Wretzky, and guitarist James Iha, but that was really just the public perception. Smashing Pumpkins was always a mask for Billy Corgan’s musical ambitions and it’s the worst kept secret in alternative rock that their classic albums were written and performed almost entirely by Corgan and Chamberlain. D’Arcy and Iha were trotted out for live shows, and had the odd vocal or songwriting credit that furthered the illusion that this was more than a band in name only.

But Smashing Pumpkins is Billy Corgan. Now, even Jimmy Chamberlain is gone (as is his replacement, a 20-year-old prodigy named Mike Byrne), and his presence is sorely missed. Chamberlain is one of the greatest drummers who ever held a pair of sticks. He’s the Ginger Baker of alternative rock, a jazz drummer who plays rock with an intensity that can not be believed or duplicated. Unlike other great drummers like Dave Grohl or John Bonham, Chamberlain had swing. On Monuments to an Elegy the drumming is handled by former Motley Crue drummer Tommy Lee who is as far removed from swing as he is from Pluto. Lee’s a basher, whose style fit his former band but who sounds woefully inept with Corgan’s more intricate music. Where Chamberlain added texture to his rock-solid beats with intricate, rapid-fire fills, Lee thuds with hands like hams. It’s as if he spent more time rehearsing his drumstick twirls than his paradiddles.

Lee’s iron-fisted drumming is not the only problem with Monuments. Hey Billy, 1985 called…they want their synthesizer sound back. The synthesizer sound on the album is atrocious. Corgan’s always been an unabashed fan of synth-bands like Depeche Mode, but here the sound is closer to the synth pop of the 80s. I recently saw the video for ABC’s “The Look of Love” and thought, “Same sound as the new Pumpkins record”. The song “Run2Me” sounds as if the last thirty years never happened, with one of the most obnoxious synth riffs since “The Final Countdown” polluted the airwaves. Yes, there’s an ocean of guitars on Monuments to an Elegy, but they’re an undifferentiated mass. There are no riffs that truly stand out (like, say, Mellon Collie and the infinite Sadness‘s “Zero”) and there are no solos that burn the grooves off the vinyl (like, say, Gish‘s “I Am One”). This is a shame because Corgan is one of the greatest guitarists of the past thirty years.

This doesn’t mean there aren’t some good songs on the record. The first two, “Tiberius” and “Being Beige”, and the last song, “Anti-Hero” are very good. “Drum + Fife” captures some of the old Pumpkins vibe. “One and All” is excellent, and the only song that sounds like it could have fit on Mellon Collie. The rest of the album is a goop of uninteresting synth rock. Which begs the real question: whatever happened to the Smashing Pumpkins we knew and loved? Where’s the “Cherub Rock”, “Zero”, “Bullet With Butterfly Wings”, “Bury Me”? Hell, where’s “Ava Adore”? What happened to Billy Corgan?

The answer is unsettling. Nothing happened to him. Corgan is now twenty years older than the snarling, rage-filled, angst-ridden songwriter who spit out lines like “Despite all my rage I am still just a rat in a cage” over a crushing musical background that made most heavy metal acts (like, say, Tommy Lee’s old outfit) sound like the Bay City Rollers. What happened to him is that he grew up, mellowed, and hopefully got a bit wiser. The music is still heavy, but the rage is gone. Corgan sings now, he doesn’t snarl. His melodies are poppy, almost upbeat. He’s writing love songs. Maybe he’s happy. I certainly hope he is.

The problem with this is the expectations. Corgan famously broke up the Pumpkins and formed a new band called Zwan, whose sound was closer to the more recent Pumpkins. When Zwan crashed and burned, he went solo while simultaneously saying he wanted his old band back. But he didn’t want Smashing Pumpkins back. He wanted the name. D’Arcy and James Iha were not invited to the reunion and the resulting album, Zeitgeist, was a noisy, headache-inducing affair. It was as if Corgan was telling his fans, “You didn’t like my synthesizer-driven solo album? You want guitars? Here. Have a billion of them.”

The Smashing Pumpkins is a brand name, and what fans expect from that brand is very different from what they are hearing in the 21st century. That’s really unfair, but it’s a result of nostalgia. People don’t mind when a band grows organically as the Beatles or R.E.M. did, but that’s not what happened here. Corgan made a huge show of getting the band back together but he kept the sound of his later projects. Pumpkins fans who had skipped Zwan and Corgan’s solo The Future Embrace were disoriented, and Monuments to An Elegy has already slipped into some cyber discount bin.

But is that Corgan’s fault? Yes, and no. What many of the fans of his band don’t realize is that even if it were still the original four members on the latest album it would still sound the same (except for the drums, which would be a billion times better). Because Corgan is the Pumpkins. Musically, lyrically, emotionally, psychologically…Monuments is where the guy is in 2015. What fans are expecting (and I’m as guilty as anyone, and maybe more guilty than most) is not the Smashing Pumpkins. They’re expecting to feel the same way they did the first time they heard Siamese Dream. There is almost nothing Billy Corgan can do at this stage of his career to appease the people who heard “Cherub Rock” on the radio and saw “1979” on MTV and who expected more of the same in 2014. So yes, it’s Corgan’s fault because of the hype he built up surrounding his reignition of the Smashing Pumpkins brand. He created a set of expectations for his new music without any sort of acknowledgement that his new music wouldn’t be the same. It’s possible he wasn’t even aware of the change because to him it was completely organic.

But no, it’s not Corgan’s fault. The Smashing Pumpkins are now, and always have been, Billy Corgan. They were his vessel. He’s grown up and matured. His attitudes have shifted and the music has shifted accordingly. That doesn’t mean it’s good, mind you. Monuments to an Elegy is a pretty lousy album no matter who did it. But it does mean that Corgan is writing the music he’s capable of writing at this point (which doesn’t mean he won’t write better music in the future). The fact that the fans expect something different is a trap. Corgan is trapped by expectations, and the fans are trapped by nostalgia. It is easier for Corgan to escape: as long as he likes his music, that’s all that truly matters. But the trap means he’ll probably never sell millions of records or sell out stadiums again.

It appears Corgan has seen the writing on the wall. A recent article in Rolling Stone finds the singer sounding as if he knows the end is near. A new album is projected for September, but after that? Only time will tell. Corgan is right to think about hanging up the band name and striking out on his own again. The Pumpkins were a band that was extremely popular (and great) twenty years ago. Today it’s just a monument to that band. The new album by William Corgan may not generate as much publicity or hype as a new album by the Smashing Pumpkins, but it’s far more likely to be accepted for what it is: the work of an artist still plying his trade.