When I find an album that I would like in a playlist, I just put "ALBUM***!" in the comments section of all the tracks (even thought some tracks are individually rated below a 3 and some above a 3 - the album as a whole is a 3 in my book), then create playlist:
Comments contains "ALBUM***!"
with live updating
limit to ??? songs selected by album
Now I have a playlist in album sequence for albums that I have rated with 3 stars. I also have playlist for 1 star, 2 star, 4 star & 5 star albums. You have to use the "!" and the end of your star rating or 1 star list will pick up 2,3,4 & 5 star rated ablums.