Uh...no? The album is good, but to say it's up there with fucking TWWTG is crazy talk!! TWWTG is immensely narrative, very epic in scope, and much more memorable than Odinist. I like the new one, but it's NOT the return to form they promised (though it is better than MoRT, fuck that album). The new one just ISN'T memorable enough...it has no personality. TWWTG is cold, calculating, and disturbing in how dissociated it is. The new one sounds like it's trying to reach that level, but also stumblingly trying to revert slightly to the older material (the use of melodic-ish arpeggios as you stated helps this, but there just isn't enough feeling...if you've heard the old music, you know what I mean, considering that is literally mind-blowing stuff). Oh well...maybe their follow up to Memoria Vetusta I will be excellent.
Oh, and speaking of the drum tracks; a lot of them sound directly lifted from TWWTG...kinda funny. I do like that programming sound, though, it's pretty nice and meanders well without going too far astray. The problem with MoRT, to me, was that the dissonance merely meandered aimlessly. That makes for a boring, soulless album.