Okay, so...this was bad. Awful at points. From the acting, to the dialogue, to the exposition. The guy playing Archie needs to step his game up and the writers need to get better at writing "clever," Glee-esque dialogue.
The actresses who play Betty and Veronica (despite instances of poor acting) work really well together. Their chemistry is believable. I mean, Veronica lost all credibility as a friend for making out with Archie almost immediately after trying to help Betty win him over, but when they're meant to be friends, they shine. And Jughead was fine.
If this doesn't improve by episode three, I'm out.