Just caught this. Mediocre is the word; not good, not bad, but decidedly average.
Every other monster/kaiju flick in recent memory is better than this movie in one way or another, including Pacific Rim, Cloverfield, and even Edwards' own Monsters.
The visuals were fantastic; Godzilla has seriously never looked better on film, but sadly, Edwards doesn't really do much with the creature, and no, I'm not just talking about screen time. Godzilla almost seemed like an afterthought in his own movie; all of the events and plot points of any significance had to do with the MUTOs. Godzilla himself was unfortunately relegated to being little more than a plot device, even sailing right along with the U.S. Navy on their quest to vanquish the bad guys.
For a monster flick, the sense of urgency was not conveyed to the audience at all. I'm shocked by how Edwards just seemed to meander through the beats of the plot throughout the duration, without ever instilling any fear or anxiety of the looming threat. This movie just went through the motions until the very end...a huge missed opportunity.
There's a lot more to say, but I'm still letting this sink in, so I'll stop here. As I said before, it has its good parts, but in all honesty, they're mostly the superficial. I suppose if you're a Godzilla fan, you pretty much have to sit through this one, but it is in no way a memorable or worthy entry in the franchise whatsoever. Better than the '98 movie? Of course, but that's not saying much. I can't even bring myself to say that it's a "step in the right direction" because of how empty and vapid it is. This is the exact type of movie I'm expecting to forget about within the next five years, and it really pains to me say that, since it features (barely) one of my favorite cinematic icons.