I saw the film last night. I'm not a huge fan of Star Trek. In fact I think it's the most overrated of all the big sci fi franchises. However, the films are generally at least watchable, and I was curious to see how they handled the 'reboot'.
I've got to say I was pleasantly surprised. The film far exceeded my expectations. It's actually the best film that I've seen for some time. It was just really good old fashioned entertainment, the kind of film that Hollywood does best.
As others have pointed out, there were the usual minor plot holes (which is par for the course with Star Trek). But that didn't really matter.
Of more significance was the 'elephant in the corner' introduced by the new story line. Not really a plot hole as such, but still a massive issue which has profound implications for the whole franchise, and which was glossed over in the film. I don't wish to give away any spoilers, but I'm sure anyone who has seen the film will know what I'm talking about.