I think that ten or twenty years down the road, it will be a settled fact that the completion of SMiLE in 2004 marked a milestone in pop music unprecedented, and never to be duplicated. It will also be a settled fact that BWPS made the release of the SMiLE Sessions not only possible, but inevitable. And together, the two releases will stand alone as the most amazing musical resurrection story in the entire history of popular music--or even of all music, regardless of genre or style.
Great post, I absolutely adore SMiLE 2004, I did cry when I first heard that, it was made with such care and all that great music was finally finished and given a great form. For me as a fan this was a massively important event and I think for Brian & Van Dyke it was too. I also agree that it put Brian in the space to release the original recordings. The two versions serve different purposes and various fans will favour one or the other and some will get as much out of both. But having them both in the public domain is such a relief and it means they can finally be judged for what they are, great music, not just for their legend.