Wow. This is pretty much dead-on. Although, as someone on reddit pointed out, if your favorite band is still making records after their eighth album, and no one has yet died of a drug-related mishap, then they clearly aren't doing something right.
Also, where's the 'Greatest Hits Because We've Run Out of Ideas' record?
And I'd like to see a tangent: lead singer decides he's outgrown the band, releases one mediocre album to little acclaim, a second album that flops entirely, then rejoins the band for...wait for it...'The Egos: Reunited!'