I can understand where you're coming from. Paul Simon had an excellent career with Simon and Garfunkel and his early solo years were up to the same standard but the Graceland and ethnic stuff doesn't quite do it for me. The new album has some groovy moments and good arrangements but the classic memorable songs just aren't there. Just a bunch of cleanly-produced jazzy doodles. Elliott has the edge for me, not because of just the studio albums, but for all the unreleased stuff that when brought together with the studio stuff, represents a massive and varied body of work that's perhaps not as prolific as Dylan but certainly up there with Paul Simon at his best. It's the unreleased stuff that adds the overall weight (like Basement II for example), not just the 5 or 6 studio albums.

You can download the collection here:
http://www.elliottsmithbsides.com/index2.html
All songs were authorised by Elliott's family so it's all legal-tegel!
The only other 2 people I would have up in that realm would be hmmm Neil Young himself... or what about Stevie Wonder? Regarding Elliott again, I remember reading an interview once where Elliott didn't enjoy being compared to Paul Simon.
"I don't feel like I have very much in common with Paul Simon songwise." The closest kinship he feels with a songwriter would be "maybe Janet and Sam--Quasi--from Portland." This is a man with strong loyalties--he's bringing another old friend from Portland with him to the Academy Awards ceremony.
There was another one too.. but I digress..

I needed comfort of love just to get me some piece of mind.. wo-oh