Wait, you guys didn't even give it a proper run before you made a judgment? That and besides, my favourite tunes nowadays, are the ones I hated when I first listened to them, but they grow on you. I didn't like Elect the Dead or Scars on Broadway at first but they really both grow on you. Serj has a few vids out which make the experience that much more enjoyable too.
3005, Universe, Babylon and Stoner-Hate are all great tracks, have a listen to those ones, it's pretty hard for a SoaD fan to dislike them after you give them a couple of listens.
As a side-point though, I find it interesting be able to contrast the two once they've split: Serj's album is completely held up on his vocals (don't get ever boring imo) and perhaps his piano work (features in most songs) - Unthinking Majority has some cool parts. Scars on the other hand blows Elect the Dead of the water in terms of sheer guitar-work and riffs, not surprising really considering it's Daron. But in terms of what I've seen from Daron, none of it is really groundbreakingly different to what he's done in System (not even 'Chemicals' which is pretty out-there). Not saying it's a bad thing at all, but if anything from what it appears to me is that this split liberated Serj more than Daron. Some of the songs on Elect the Dead would be completely out of place on a System album, Scars stuff - not so much.
On that point, also interesting to see 8/12 of Serj's Tracks, perhaps even more that are thematically based on his politics... Scars on the Other hand... maybe Babylon, but that's it really.