I'm not going to rate it's "emo"-ness.
But I will say it's a decent album.
I'm actually the opposite, I think their first album Bullets is the best, followed by Revenge, with Black Parade as last.
I don't really like their new pop-y feel, but some of the stuff is very nice. I hate all it's hits though, like Teenagers, Welcome To The Black Parade, and Famous Last Words. Those songs are all poor, in my opinion.