Personally, I get a bit tired from all the hype a lot of bands get, but for the most part it doesn't really bug me. But... this seems like a fun thread, so...
Overrated: Beatles, Led Zeppelin, Michael Jackson, Eric Clapton, U2
Underrated: A Whisper in the Noise (EXTREMELY underrated for such a great group), Throbbing Gristle, The Fugs, Fleet Foxes
Now, I actually like Zeppelin and Clapton, but I still think they're much too overrated.
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