It's definitely in the eye candy/non stop action catagory.
The CGI is absolutely amazing.
The story is pretty lame. If you like big-budget, no brainer, non-stop action then this is it.
It's all style over substance. But, I for one admit to appreciating the movie for what it was intended to be.
Movie snobs will pan it though as another brainless Michael Bay movie.
So, I guess what I am saying is that if you like other Michael Bay films (they are follow the same formula) then you can gauge whether you want to see it or not.
Hope this helps. I'd pay $5 to see it on the big screen.