Saw it last friday, this movie is what we call the Shiznit.
All you who watched giant robot tv shows, stuff on Action Blast on G4, Saturday Morning Transformers, Toonami marathons etc. This is the movie we've been waiting for. The movie behaves as if they took a mecha flick and shot it live.
Yes its predictable and generic in terms of story elements. You don't emulate kids shows then go Shyamalan. We get Ron Perlman as a badass gangster and a plurality of Jaeger and Kaiju(they call the goddamn monsters Kaiju!). It's got reasonably funny slapstick moments, cool sayings and for fucks sake the giant robots do everything you'd do if you had one.
Do it, go see it, its worth it.