I am sorry to hear about that poor live performance. I didn't check up much on that story though I was glad it happened. The only thing I really know about the band members nowadays is that Malkmus grew a mustache for awhile (and has kids) and that Kannberg looks like Mike Love now, but that's not that important.
I've never been wowed by the band live, I like or love all five proper studio albums but opinions of their live shows are all over the place. There's a whole pair of concerts on the Slow Century DVD that are okay but what I've heard of them back when Gary Young was their drummer wasn't terribly good.
One thing is for certain: "Conduit For Sale!" live, with Bob Nastanovich doing the "I'll try and I'll try" over and over again, is absolutely unlistenable and the worst of all Pavement songs live or studio. And it's on the DVD like three times.
I did not think the 1997 Blur album sounded like Pavement and that Damon Albarn (or was it Coxon?) made that comparison to get attention from the hip American rock press because Pavement were critics' darlings. It's rumored that Stephen Malkmus hit on Justine Frischmann once when Albarn visited the US, and later Malkmus apparently said that Blur were trying to be "heavy" because Radiohead was starting to steal all their critical acclaim.
As Prindle said, it's difficult to explain what's great about the band. They grow on you, so give 'em a try again in a couple of years. They were rarely big or dramatic unlike most 90s rock bands that actually did get attention--remember, they sneered at the Smashing Pumpkins in 1994. They mostly got attention for epitomizing 1990s slacker indie smarminess, which isn't a very cool thing to be. But the songs? Lots and lots of memorable melodies. At least you liked "Trigger Cut."
S&E and bonus tracks - 14
Watery, Domestic and bonus tracks - 10
CRCR - 11
WZ - 12.5
BTC - 11.5 (this one gets better every year)
TT - 13
Need to hear W(BM&S).