I liked the movie, as a movie, and I like that it is rekindling interest in Trek. I saw it twice the day it opened, then again a week later, but once I was $50 deep into it, I couldn't go anymore. Then I bought the Special Edition DVD.
however... (you knew that was coming)
I remain hopeful that the crew of the Enterprise will have to go back in time and save Romulus. I strongly believe that the only reason to break timeline continuity is as a plot device that forces the writers to eventually fix it.
Remember when they killed Spock, but then the Genesis effect brought him back to life as a rapidly growing child? They know we like Vulcans. That's why they mess with our heads. From the very first season of TOS it became obvious that more fans were asking for autographed pictures of Nimoy than of Shatner. So the writers started messing with Vulcans.
However, if I am wrong and they do not restore the timeline eventually, I need to ask a few questions.
1. How can Spock have his katra restored when Vulcan no longer exists?
2. If Starfleet knows about Romulus while Kirk, Spock, et. al. are still in the Academy, and they know that Romulus will be destroyed, why can't they just contact Romulus immediately and tell them to create evacuation plans for the coming catastrophe, thereby making it so Nero doesn't want revenge?
3. Without the Vulcan influence, why should Starfleet maintain the Prime Directive?
4. Is it that all Vulcans can have sex without pon-farr, or only half-Vulcans?
5. Is Saavik still going to be born? her parents were offworld, weren't they? (And by the way, two mules can't produce viable offspring. If they could, they would not be mules. The definition of separate species is, specifically, that their progeny can not have progeny.)
Anyhow, I believe the timeline will eventually be restored, and I liked the movie a lot. If it doesn't get restored, I don't know what will become of all this backlog of Star Trek stuff. You simply can't render 30 years of books and movies moot just to sell a new movie. Star Trek is a series, not just one movie.