Well, it's no Divine Wings, Twilight, or New Mythology, but I'd rate it above Odyssey and Paradise Lost, and most certainly above Iconoclast. I should also warn that's it's still mostly in the shreddy style of Paradise Lost and Iconoclast, and not as progressive and thoughtful as their earlier albums. However I do think it attempts to bring back a touch of that neo-classical style with it, which is a step in the right direction, and Russell Allen gives a more inspired performance, IMO. Still a couple of misses, but the hits are pretty strong.
Zap: if you're looking for some interesting progressive metal that does an excellent job balancing heaviness with all other ends of the spectrum, I highly recommend Devin Townsend's Sky Blue/Dark Matters double album if you haven't heard it already. The former is the perfect blend of heavy progressive rock with electronic and pop tendencies, while the latter is a very off-the-wall concept album, and follow-up to Ziltoid the Omniscient. This is Devin Townsend at his best yet, which says a lot given his body of work, and one that I think any fan of modern progressive metal should listen to, even if they don't care for Devin's other work.