Sounds like Reznor is getting formulaic, to me. "The Hand that Feed" embarrasses me when I listen to it--just too commercial. His lyrics haven't improved since The Fragile, either; he's no Roger Waters, to be sure. Of course, he has a successful product, and he's sticking with it.
"I support the destruction of the Think-Tank." - Avatar, August 2008
Personally I like "The Hand That Feeds." I don't find it too commercial.
Sure, he's no Waters. Interesting you should say that though. There's actually an interview I've read online where the two (Reznor and Waters) meet and have a very interesting conversation about their own music and the industry. Search for it some time.