Don't Believe The Truth was the first album they released after I got into them, so this album means special to me. Hearing "Lyla" on Polish radio for the very first time and waiting for the album to be released. Standing in a queue to get the ticket for my first Oasis gig. Great memory and great time to be an Oasis fan.
Agreed with some: its lows aren't the lowest possible but neither are its highs as high as they could've been. It's a solid album within itself, although that's not saying much – it's what I'd usually expect of an album, really. The basics.
I don't think it has a great sound btw. DOYS and SOTSOG are far superior sonically. It is still better than HC, of course.
I think it's their weakest album apart from Heathen Chemistry.
Don't Believe The Truth is the record that showed us Oasis still had it. Of course there are low points that are probably different depending on who you're talking to (I could never stand "Keep The Dream Alive" and find "A Bell Will Ring" absolutely boring).
But Oasis became what they were because Noel had the first 4 records (I'm including The Masterplan) written. Then he lost his way. The other three by themselves were not as good songwriters as he was so they couldn't save the boat from sinking.
Noel started writing differently with this record and Liam became a better songwriter penning some of the good songs the DBTT. Noel finally realized that he didn't have enough experience to produce himself as he could only make it sound like Heathen Chemistry at the time and gave the reins to someone else (let's not debate Dave Sardy for now). All the members started playing different instruments also. When all that came together, it made Oasis great again because they were finally acting as the different band they were. They weren't the Oasis of the 90's anymore.
To me DBTT is Oasis' new beginning. Oasis could have gone on to do amazing records had the Gallagher brothers been able to stand each other.
It was also Noel's new beginning as he started writing different kind of songs and no longer felt limited by the Oasis sound. He's still writing with that freedom today.
It's certainly not their best record in hindsight. But there are awesome tracks on there. At the time, it reignited a flame that was blown out by SOTSOG and HC and gave fans a breath of fresh Oasis air.