Delillo is fairly new to me, so I don't to pretend to have any major insights into how this book compares with his other more lauded works. From reading a little about Delillo, I understand Great Jones Street is one of his earlier and more experimental novels. It shows. It has an interesting, if a little dated and clichéd, premise, concerning the retreat of a 70s rock star into existential seclusion. The obvious Dylan references are clumsy (Buddy Wunderlick, the book's protagonist, records a post-fame, lo-fi collection of songs called the Mountain Tapes, a clear reference to Dylan's The Basement Tapes) and the book certainly doesn't work as satire (it is deeply unfunny and earnest). However, Delillo does create an eerie and unnerving mood which can be very effective and while his prose is often pretentious and self consciously `experimental', he does sometimes hit a rich vein of apocalyptic gloom, particularly when describing the New York streets (a bit like Dylan's Desolation Row in fact).
Overall I was left with the impression of a writer trying hard to be experimental at the expanse of a more fluid and identifiable style. Nevertheless, it's an unusual and often original piece of work that should be read by fans of Delillo as well as those readers interested in off-beat American literature from the 70s.