Finished watching it through now. Positive points: There are some strong performances, the visual effects look impressive, the overall premise of the 'show' is fairly decent, the music is good, and the make-up is pretty good, really. Apart from that, I assume, Nausicaan (?) who got vaporised.
Unfortunately, I don't have much else positive to say. I've already talked about writing to your budget, and far too many corners were cut there - I got really sick of that yellow wall after a while. But apart from that, the show was just... shoddy. No tension, riddled with clichés and generic dialogue (the opening exposition by the Lieutenant is a good example), diabolical Starfleet uniforms, lots of shoehorned references and connections to previous incarnations (Oh you're Khan's daughter? Of course you are) which didn't seem to add to the plot at all. The editing was far too forgiving with a lot in there that really didn't add anything and just dragged out the runtime. Given the talent involved, the end product surprised me. It could have been improved vastly without resorting to more money (and indeed probably saving quite a bit). It seemed to try to do too much, and end up not doing any of it very well.