Some caveats about the new Oasis live album: This is not "The Who at Leeds." Oasis is not the owner of the "Biggest Band in the World" title. It has even lost the "Biggest Band in Britain" title. For a dying horse of a band, well past its peak, to release a double live album is completely ridiculous. The Oasis lads are as arrogant as ever and now they don't even have a right to be.

Now that we've established all that, "Familiar to Millions" does in fact present a compelling and very accurate live document of the band. The recordings come from Oasis' two sold out shows at London's Wembley Stadium this past summer.

Only a few minutes into the album, one realizes that frontman Liam Gallagher has been chugging his Guinness, brother Noel is mumbling inter-song banter in his virtually indecipherable Mancunian accent and the crowd is rhythmically chanting in a fashion appropriate for a football match. Essentially, the band could play two hours of white noise and this crowd would love every second of it. In many ways, the 70,000-plus backup vocalists provide much of the energy present in the album.

The record doesn't focus on their latest album, "Standing on the Shoulder of Giants," but rather covers everything from early favorites ("Shaker Maker," "Roll With It") to recent singles ("Go Let It Out," "Who Feels Love") to well-selected covers (Neil Young's "Hey Hey, My My" and the Beatles' "Helter Skelter").

The band's level of emotion seems to waver over the course of the two discs from complete elation to utter boredom. On "Go Let It Out," Liam's vocals are as passionate as ever, and we hear a band that has matured and simply enjoys performing for its fans. Noel's slightly improvised solo on "Supersonic" sounds like he has as much passion for the song as when he first wrote it for the band's pub gigs in the early '90s.

But there are moments where the band members sound as if they would rather be anywhere else doing anything else. They roll through "Gas Panic" and "Cigarettes and Alcohol" with such a dearth of excitement that even the biggest fans will have trouble resisting the fast forward button to get through the explosions of fuzzy guitar into which these tracks degenerate.

"Familiar to Millions" exposes a band that can no longer sustain its energy over two discs. Die-hard fans will still sing along and play air guitar through every minute of this. All the while, however, they will secretly hope that Oasis will never release another album and further subject themselves to the ridicule of critics. As evidenced by this latest offering, Oasis once wrote songs that were undeniably moving; the question now is, "How much longer will the band be able to reproduce that sensation?"