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meta, honeyfields, and I saw Liz Phair last night. meta already beat me to the post, but here's goes my thoughts.
First off, I'm not a huge Liz Phair fan, but spend enough times in meta's car on trips up to Tahoe and you'll have heard all of her old stuff multiple times over and it will start to grow on you. This also means I haven't heard any of her new stuff, with the exception of the lame video on MTV. So judge what I say accordingly.
My favorite performance of the night: 'Supernova.' This goes against the grain of everything else I will say in this review, because this song was cranked-up, full-ensemble-blasting rock performance. It ended the first set beautifully, and I think her guitarist may have even played the riff better than she does on the album.
In general, Liz Phair's best performances were with her older lo-fi material ("Flower," "6'1"", "Supernova", "Chopsticks," and even throw in "Polyester Bride"). I say this with an extreme bias, but her older material mostly shared the quality that the rest of the band didn't play as much. She was strong and charismatic enough to carry the song on her own, and her voice goes much better with her barely amped telecaster.
meta broke out the biggest grin when she figured out what Liz Phair meant when she said, "We like to bookend our sets. Sauce at the beginning with 'Flower' and sauce at the end," leading into the final song. I'll leave it to your amusement to figure out which song, but I will hint that you don't need to know the lyrics to guess the song (not 'Flower' obviously).
honeyfields also broke out an occassional grin or look of surprise when she understood the lyrics :)
She mentioned during the concert that she had played at the Warfield before with just her and her guitar -- I wish I could have gone to that concert instead. This is the only time I've seen her perform, but I imagine that concert must have been better.
Like meta's review pointed out, Liz Phair and her backing band don't mesh. While meta approached this from a chemistry standpoint, I think the idea of having Liz Phair stand onstage with a guitarist, keyboardist, bassist and drummer just doesn't work, and the dynamics were terrible. Liz Phair, while a good performer, does not belt out the type of vocals that can soar over blasting distortion and bass. For some reason, who ever engineered her sound interpreted this conflict as an excuse for pushing Liz Phair's vocals through this boosted reverb that turned her vocals into a mix of clipping and echo whenever she sang the chorus. During the verses there was the opposite problem that the band members didn't know how to use volume pedals or strum more lightly, so her voice dodged in and out.