As a big fan of bleepy-music I'm going to try and offer some input from a different perspective...
Honestly, EBM can be quite varied. You get soft, melodic EBM with sounds reminiscent of Depeche Mode, and then you get the harsh, high-distortion 'noise' music which only starts to sound reasonable if you've popped a load of pills. :P
Much of the lyrics still carry many of the dark, introspective qualities characterised by goth lyrics - just take a look at Assemblage23 or VNV Nation. Though the lyrical quality tends to degrade as the music becomes more dance-oriented (Combichrist and Reaper lyrics are inane, but that music is MADE for dancing to). It doesn't help that a lot of EBM originates from European bands with an often dismal grasp of the English language.
I think the major difference is this: EBM is chiefly aimed at clubbers, whereas you can't say that about Goth. That's not to say goth rock can't or shouldn't be played in clubs, far from it, but overall my impression is that most people find repetitive electronic beats much more suitable for dancing to.
Personally, I could happily bounce around a club to EBM for 8 hours, and I don't think I could do that for any other type of music. But to each his own, eh? ;)
Lex
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