I saw it, it wasn't horrible. I agree with the consensus that it lies between Batman Begins and X-men 3. The special effects are incredibly good, the dialogue was interesting, but the plot needed work. There was a great continuous flow of plot, but some of the scenes could have been taken out to decrease the time.
Who here liked the beginning? Even though I was not even born when the first Superman came out, I can still appreciate the way the credits were presented with the zoom/flying text.