Lol, Im actually listening to Ukulele Songs on my computer at work while I type this...
I've seen PJ on 4 different tours now, and got into them from the moment I heard Jeremey get blasted at the AMA's as they came out to get an award, umm 1993?. I was blown away and had never heard of them before, and rode my bike to the local record shop (PJ's record bar , funnily enough) the next day to by the CD.
Anyway, credentials aside, they are a great, great band, and I think it would be ridiculous to suggest they are underated on any level. They are basically known as arguably the worlds best band. They are still selling out stadiums after 20 years? How is that underated?
Thread title aside, i see you are referring to their string of albums after their biggest albums in Ten & Vs. The fact is, those 2 albums came out during the Grunge boom. PJ are a grunge band and that was when they were hottest. Their music was angst ridden and we were all full of angst. And it was fresh.
There was also the issue of not doing film clips for a while which didn't really help and they have acknowledged.
Anyway I agree to a point that album after album from them have been very to very very good, with each album having at least 3-4 songs worth crying over if they weren't on the set list when you see them.
I've actually found the last 4 albums to be more of a 'slow burn', which probably will help with their longevity, and think once they have retired from music and we look back on their discography we will be pulling out gems from albums that we'd skipped over previously.
Personally I've listened to Ten & Vs too much, and really cant stomach listening to them like I used to (hearing them live is completely different though!).
But you have definitely got me keen to listen to the rest of them all again.