So, I'm rather late, but I just watched the movie last night. I sort of have mixed feelings about it, but it's definitely not the best or funniest movie I've seen. I loved the American Pie movies and a lot of other movies of that class, so I figured I'd like this one, but not so much.
Another problem I had was the acting, none of the kids did an especially good job, especially Evan. Like I said earlier in the thread, he did a good job in Arrested Development, but in this movie he was stiff like a board. Maybe it's the character that he's supposed to be really unexpressive, but I wasn't impressed. The cops and that other kid, on the other hand, did a good job.
One interesting feature was the film quality: it was filmed in old fashioned looking colours. I doubt that was due to a money thing, more like a style choice, making it look like a 70s or 80s teen movie. That part, I did like. It's an interesting style choice that I can respect.
The story, overall, was pretty good. I mean, there was no deep or intricate plot, but it's fairly rare for a modern movie to have one of those. I did, however, enjoy the characters having all the problems.
Overall, I think the movie was average. I wouldn't recommend it to a friend.
Sorry I'm a few months late, but it just came out on DVD.