Even then, that's just a collection of songs as opposed to an official album, and they didn't write any of the songs in that collection, so if it counts at all, it's just barely. Once you take that out of the equation, it's been over a decade and a half since the Foo Fighters released a truly great album. Don't get me wrong, they've had plenty of really great singles over the years, but not so much with full albums, and I think I know why. To put it simply -- there are too many people in the band.
If you think back on their three legitimately great albums ...
Accept no substitutes.
... you'll note that they all have something in common. At the time each was recorded, there were three members or less in the band. For example, their self-titled debut album is basically just a Dave Grohl solo album. He played (almost) all of the instruments and wrote all of the songs.
For their second album, the also excellent The Colour And The Shape, the band had expanded to four members technically, but Dave Grohl was unhappy with most of the drum parts and replayed them himself, prompting drummer William Goldsmith to quit. So, that's still just three people.
They recorded their third album, which some (including Dave Grohl) would argue is their best, as a trio. The title (There Is Nothing Left To Lose) is in part a reference to the fact that band members kept leaving. It is a goddamn wonderful album, their first to earn them a Grammy, and the only one they actually deserved to win one for.
Immediately after the release of that album, Chris Shiflett, former guitarist for punk band No Use For A Name, was added as a permanent member of the Foo Fighters. Things have never been the same since.
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You did this!
Well, that's not exactly true. Their songs have all sounded the same for about 15 years now, so they've been consistent in that way, but that's obviously not a good thing. I don't mean the songs are identical; it's just that the band's sound as a whole hasn't changed in a long damn time. Part of what made their first three albums so great is that they all sound radically different from each other. The debut sounds like it was recorded in a storage shed.