I could not separate any signal out from the noise, neither with the provided software (which ostensibly filters and bins alpha, theta, beta, and gamma waves), nor while trying to roll my own filtering. That's not to say that this isn't good work, but I think the real difficulty is in the electrode hardware. I suspect that passive electrodes are unlikely to be very useful for the hobbyist, at least not at consumer level prices, which are still quite high. Maybe there was just something unlucky about my hair/scalp, but even the ostensibly simple closed eye alpha signal eluded my measurement attempts.
It's been a year or two, I haven't kept up if there have been developments, open to suggestions! I don't trust myself to build active electrodes, a reasonably priced kit would be awesome.