rL245171 exposed a hole in InstSimplify that manifested in a strange way in PR28466:
https://llvm.org/bugs/show_bug.cgi?id=28466
It's possible to use trunc + icmp sgt/slt in place of an and + icmp eq/ne, so we need to recognize that pattern to eliminate selects that are choosing between some value and some bitmasked version of that value.
Do we want to look through the truncate in something like "(trunc X) & C == C2 ? X : Y"?