Maybe it's because I'm getting old, but I think I "grow" with Telegraph Road. After 2005, I loved the Lyon version and thought that would be the best version ever. But before that, I thought Vaison 1996 has with no doubt the best TR, whereas I can't hear that one anymore these days.
Today, I only listen to TR from the last part of 2010, so Locarno for example would be my favourite. I would agree however that the 2008 version indeed was weak, but that they also improved that for the 2010 tour.
Listen to Locarno, the finale of that version is so great that you easily can forget about the new-style first half of the song...
LE