It's a masterpiece, pretty much: funny, sad, scary, always spot-on in terms of observation. The music is beautiful. The voice, grizzled and brilliantly listenable, is also a thing of strange beauty. If you like good lyrics and soundtrack-y music, you will love this.
The highlight is the closing story 'Hilary and Back': a funny/sad narrative about a 'lost' night out which involves Aidan(?) wearing a wig, impersonating someone he's never met, and being treated to a bus fare by a kind old lady.