I disagree! In this version the dry, almost agressive guitar on the verses is very cool and makes for a much appreciated contrast when the chorus arrives. The Space Blues / Bublegum Perfume version is also great and probably more typical of Felt but I don't mind this inclusion of a different version at all! I love that Lawrence revisits the albums' tracklists, and gives arguments for it.
Completely agree. Think it sounds like what it is - a demo version - and even though I like the song, I always skip it when I listen to the PJR reissue.