I loved this film. Of course, I also love all of the bands involved and the music scene that Half Cocked parodies so well. I'm not sure how the film will translate for those who haven't found themselves caught up in a music scene that is filled with people who are so busy looking for the most progressive band, trying to be the hippest indie-rocker around, that their judgement is clouded. During one scene, we see the band (none of whose members know how to play their instruments) playing at a club, making mindless noise while onlookers bob their heads. After the performance, a member of the headlining act enthusiastically says that he doesn't see how his band could possibly follow such a brilliant performance.
Technically the film is a little rough, but it was shot on an extremely low budget. The decision to shoot on grainy black and white film stock was a good one, as it gives the film an intimate, documentary/tour diary sort of feel. And, the performances by both the bands and the actors are great. No self-respecting fan of independent rock should miss this one.