haha, i was just thinking about this a little more and was going to add that I do like listening to live versions of jammy shit. especially when a guitar player, bass player, or even the drummer just goes off on a fucking tangent for like 10 minutes....ya know, when you can tell that they're just feeling it and playing their heart out totally in the fucking zone. shit like that will send chills down my spine and you can't find that on a produced album.
however, shit like hip hop/rap/whatever often times sounds like complete ass. waaay too much bass and the rapper/whatever just screaming and yelling into the mic - sounds like dog shit.
so i guess i should revise my statement to be that not all live shit sucks, imo. just gotta find the right stuff.