At first I saw that they had skipped them leaving Konoha and Tsunade giving them the mission and thought "Yes, maybe they'll do a faster paced story and get right to the action."... man was I wrong.

Good:
-Lee fight
-Kyuubi Naruto had some momentary coolness what with the hovering and stuff

Bad:
-Cornyness
-The kid
-The villains
-More cornyness
-The fat guy
-The circus
-Kakashi being taken out of the equation for no good reason
-Even more cornyness