The saddest part is that this was the direction they were wanting to go to get away from their bubble gum image, and the suits finally said, "Heck, let 'em do it." Nesmith was rich from the Liquid Paper thing anyway, so he didn't care.
As to their talent, they weren't good musicians, not compared to the studio guys that did their first albums, but their harmonies were excellent, and they could really run with the Boyce-Hart type stuff.