As one who fairly loathed Episode I, but who has seen Ep II and loves it, let me weigh in here. Sitting in the theater, watching The Phantom Menace, I enjoyed it, and even though I cringed repeatedly any time kid Ani was on screen, I felt everything with Ewan MacGregor and Liam Neeson made up for it. Natalie Portman did a fine job too, taking into consideration that she was supposed to be very serious and stilted. There were enough battles, enough ooh-ahh action scenes, and all signs would show that with all those good things, it should've obviously been a great movie. It fit the formula fine, and had all the things a good movie is supposed to.
But it just didn't work.
Maybe the pieces were assembled wrong, or maybe it had a sturdy foundation and just some of the excess materials ruined it (like a perfectly fine house being painted in polka dots and swear words), but somehow, the pieces didn't work right. It wasn't fun.
Now, I was going to skip the first weekend of EpII, and even then I wasn't planning to go unless I heard incredible things. One of my friends heard this and bought a ticket for me, dragging me to go with him. I figured that since the ticket was already bought, I might as well see it, so at least the crowds might make it worthwhile. We were forced to sit in the top right corner of the theatre, about as far from the screen as possible, and as we waited the hour and a half for the movie to start, I had to continually remind them that if they got thirsty in the middle of the movie and wanted me to get them drinks, I'd be cool with that, because I was confident I wouldn't be enjoying it anyway.
Movie begins. Open scrawl is okay, a little better than Ep I's "Trade is in dispute." Plane flies into Coruscant, and I consciously realize that at this point, if you want to do something with computer graphics, you can. No ifs ands or buts. So the eyecandy is impressive, but so far nothing is dazzling me.
Anakin Skywalker is creepy, nearly a sukebe. I mean honestly, he's like a stalker. I was surprised Amidala didn't have him arrested at first. But then my mind gets taken off that when we have a cool car chase through the skies of Coruscant. I actually began smiling here, because it was well done. Things slowly get better, especially whenever Obi-Wan tells off Anakin (I heard someone crack a joke, "Who's yo' daddy? Oh yeah, you ain't got a daddy.").
From there, the only bad parts were Amidala and Anakin's romance, which was a little rough to watch. Now, most of the group of people I was with probably wouldn't appreciate it, but when you finally get to the end of the movie, you realize that it works, that it's believable that those two fall in love. Because of the mixture of pity, fear, and that overwhelming intimidation Anakin carries, I can actually believe Amidala begins to fall under his spell, and eventually comes to care for him. It doesn't mean that they could've delivered some of their lines a little better, but I actually want to watch the movie again, not for the lightsaber duels or Yoda (well, okay, for those too), but because I want to watch those scenes with the future Mr. and Mrs. Skywalker in the right frame of mind. I was too busy cringing the first time through to realize that it was done really well. The reason I didn't like Anakin's portrayal at parts was not because it was done poorly, but because he portrays teen angst so well, and I really hate teen angst. But out of that loathful angst, we see him pull off a brilliant performance as he lets his anger control him.
Attack of the Clones is a cunningly-designed movie. It persuades you to love it with brilliant action scenes and heaps of cool Jedi showing how bad-ass they are, so that you forget your initial hesitancy. When you watch it again, expecting to love the action scenes again, you'll be less inclined to hate the core of the movie--Anakin and Amidala. It's parodixcally mind-boggling that Lucas is able to use the peripherals of the movie to draw you into the core, but it was vital, because so many fans would be uncomfortable with the love story (a lot SW fans are unattached guys, so what can you expect) and because we were disappointed with Episode I. He had to bait and switch us, showing us a spectacular action sequence so we wouldn't realize that we're actually starting to like the plot of the damned movie. I'm sure that a lot of people think the movie will be boring and bland. I personally thought Attack of the Clones (*mimes a clawing motion*) would be wretched.
I've never been so pleased to be wrong. My congrats to Lucas and crew.