My wife and I went and saw it opening night at a big theatre in the Westwood area of Los Angeles. After the movie, we spotted Rick Berman talking with some other folks in the lobby. My wife walked up and complemented him on the movie.
We both enjoyed that first viewing -- it was great to see the TNG cast and the Enterprise D on the big screen. And I do still occasionally watch Generations -- it's not a terrible movie, although not as good as I thought it was that first night.
On reflection, my opinion then, and now is: The opening sequence on the Enterprise B is pretty good, even if Harriman is more of a wuss than he really needed to be. I enjoy the scene on the holodeck, although it's pretty much fluff as far as the plot is concerned. The shots of the Enterprise E crashing on the planet are great, and I don't know if even today's CGI could duplicate them convincingly. The interaction between Shatner and Stewart is well-worth watching.
My chief complaint, and the thing that I think really weakens the movie, is that the plot is not driven by Picard. The key events, right up until the very end, are controlled by Soran, who, unfortunately, is far from Trek's greatest adversary. To me the contrast is seen between Generations and TWOK. In the latter, Khan certainly sets things in motion, but Kirk continually is responding to the challenge, forcing Khan to change his strategy. It's like a chess match between two masters. In Generations, Soran is calling all the shots, and Picard just chases along playing catch up.
Fortunately, we next got First Contact, a far better movie.