Ah great. Thought I was the only one! I know what you're talking about. Its supposedly the sound of hookah being smoked. It doesn't sound irritating in my TV speakers (which are technically bookshelf type speakers as its a projection TV of yesteryear's) playing on tatasky HD channels. Neither does it sound bad with my cheap Philips headphones connected to the same TV or with my ipad (running256kbps iTunes mp3). But it did sound really really bad with kef Q700, Polk A7 and to some extent, aviano 6 too connected to marantz 6006 playin the song on a CD player.
Haven't played the cd through my Tv speakers yet but will do so soon. That should tell me if its the CD itself which is to blame or its just the way it was recorded which makes it sound bad on good speakers and better on bad speakers.
@technobhatt, its certainly not a scratched cd. I bought mine only a couple of weeks ago and only played this a 3-4 times so far.