I've always thought it was Kanye at his laziest. Each to their own though!
On an unrelated note, I like that from the angles they're facing it looks like Todd and Troy are staring each other down haha
The production on it is fantastic, the beat drop always makes me want to fuck shit up and Justin Vernon's background vocals are so epic. Lyrically it's not his best, it's sort of in the same caliber as Freestyle 4.