That's exactly where I stand with this quote. I would be much more sympathetic to this idea if it was one of the smaller bands or artists I listen to. But this is coming from a literal millionaire. He's set for life. I understand that at his level, releasing an album on a major label has some strings attached: budget, promotion, tours, merch, videos, etc. etc. But damn man, you can't just toss the fans a bone like you did with Dropped Frames and just kinda throw something out there for the heck of it if the inspiration struck you? For someone who prides himself on trying to think outside of the music industry norms and be on the cutting edge of art, this position just comes across as weak. If the inspiration and desire to release an album of your own accord isn't there, then just don't do it. It's something I personally wouldn't be interested in anyway.
Edit: this argument is based solely on the concept of releasing an album. If he want's to just release singles that's an entirely different thing that I feel differently about. I would welcome that approach. Truth is, albums are kinda dead right now for all except the mega stars at this point. With music streaming, different forms of entertainment available on demand competing for people's attention, churning out albums doesn't even make sense anymore unless it's a conscious artistic decision.