I have to take issue with one of the previous comments, which reads: "if you're a Dream Theater fan you won't like this album." Allow me to clarify that statement a little. If you think Dream Theater is the be-all and end-all of metal, and expect everything to follow the same sometimes-excessive-'prog' stylings, then you won't like it. If you can accept that there exist all different kinds of music, and can handle a little variety, then it may be worth a listen.
This one, to repeat some other comments, is much darker and slightly heavier than the first Platypus album. It leans toward the recent King's X sound (Dogman onwards), and there's very little similarity to DT or the Dregs. In contrast to the first album, the instrumental section is weaker (although listenable) and the vocal songs are the more coherent ones. The highlights ("The Tower," "Oh God," "Cry," "Better Left Unsaid") rip with some of the most intense playing we've heard from these guys in a while. The others, "I Need You" and "Gone," lapse a little into cliches and aren't quite up to the same level.
Not everyone will agree, but I personally prefer the first album for its variety and more positive mood. Ice Cycles shows them coming together as a collective group, albeit mostly under Ty's influence, and has less of the scattering of ideas that marked it as a side project. Worth a listen for fans of hard (not necessarily prog) rock, but it's not quite as exceptional.