But, yes, there are also emo progeny that aren't hipsters, but exactly the people you are describing.
The "problem" with the album that we are both describing is a matter of context, IMO. When it came out, it didn't have much of a surrounding context. Like I said earlier, it didn't really sound like anything else that was around at the time. It's musical relations were perceived to be Elephant 6 bands. This certainly made sense at the time, but not necessarily so much now. By the mid and late 2000s, you had a whole scene of whiny self-aware "artistes' with acoustic instruments, that are much closer to the tone and spirit of Aeroplane than Of Montreal, Apples in Stereo, etc.
The problem is that while being in a context that includes Of Montreal and Apples in Stereo is good, being part of a context that includes Joanna Newsom, Fiery Furances, Decemberists, Bon Iver, Sufjan Stevens and other unmentionables - all of which have committed enough crimes against music and culture to deserve the gas chamber - is gut-wrenchingly awful. One simply cannot hear the album as he/she once did, with all that other garbage and the unpalatable nature of its fans as the context.