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That's how I see Time Turns Elastic. It has 'parts/interludes' that I love and parts that I can't stand. But unless it can be cut down or reworked, I'd prefer to see it come out of the Phish rotation. (I agree with others, it probably is better suited for Trey's side projects.)
What I really liked about TTE when I first heard it was the effort it took to write and pull off such a multi-dimensional piece. I applaud them for that.