Originally Posted by npc210

Overrated
Led Zeppelin (and I own most of their albums)
Nirvana (see Zep)
Red Hot Chili Peppers (see Nirvana)
Animal Collective (sorry, I don't get their appeal)
TV on the Radio
The Eagles
Kiss
Fleetwood Mac

Underrated
Blur (at least here in the states)
Cheap Trick (their first three albums are near-flawless)
Alice In Chains (the best grunge era band, IMO)
The Zombies/Colin Blunstone (perhaps too universally "underrated" to make this thread)
Shoes
Sloan
Longwave
Josh Rouse