Okay just got back from watching the movie:
Pros:
1. I think the movie did a good job of making the audience relate to the main characters, especially Jason, Kimberly, and Billy (who stole the show IMO). You really know that these characters are more than just 'teenagers with attitude'; they have serious life issues and you know why they are the way they are.
2. I was expecting the acting to be subpar, but the main 5 actually did a pretty good job with what they were given. Granted, you don't see a film like this for topnotch acting, but nevertheless they held up.
3. At first I didn't like the costume design of the suits, but it actually grew on me. It didn't feel too Iron Man-y, it still managed to scream 'Power Rangers' to me while incorporating new elements.
4. Elizabeth Banks as Rita Repulsa, to me at least, was hamming it up like crazy, and some people might not like that, but to me the point of Rita has always been to be a hammy villain, and boy, did she go all out. I loved that aspect of her.
Cons:
1. The film spent way too much time on building up the characters. It was about 80% build up, 20% action. But I guess it's to be expected, since it is an origin movie more or less and you need to establish motivation and skills and whatnot.
2. During the action scenes themselves, not enough time was dedicated to hand to hand fighting vs the putties, and too much time was dedicated to them using the Zords.
3. Speaking of the Zords, they felt too clunky for me. Either that, or the camera shook way too much during that sequence for me to get a good and clear look as to how they moved (exception being Pterodactyl cuz all it does is fly around lol). Also, the Megazord didn't really impress me, because it was the clunkiest of them all.
4. Way too much product placement. It got really annoying.
Overall, I had a lot of fun, mostly because I had lowered expectations coming in to the movie, and partly because Power Rangers is a huge part of my childhood. I'd probably rate it 3.5/5 stars.
Oh if you guys have any questions, just shoot, because I'm not sure if I can post spoilers freely in this thread so I might have to spoiler tag it.