In short, the movie was very cool. Vin Diesel kicks much booty. There were some good driving and chase scenes, and overall, the movie was a lot of fun.
My one real complaint with it is Hondas.
Now, I like Hondas. I think they're really solid, dependable, good, cars. Heck, I'm even considering getting a Honda for my next car.
Hondas are not what comes to mind when you think of race cars. You usually think of a muscle car, like a Camaro, or a 'Vette, a Trans Am/Firebird, or an old school beast like a Charger, a GTO, a GTX, a 'Cuda, or a high end sports car, like a Viper, Ferrari, Lamborgini, etc. At least, those are what I think of when I think of racing cars.
In The Fast and the Furious, about 3 out of 4 cars were Hondas. By the end of the movie, you sort of felt like you were watching a Honda commercial.
There was one point where a guy in the movie was trying to push a heavily modified (4 banger, I think) Honda Civic to hit 140 mph. Thing is. . . a stock 2000 Corvette can hit a top speed of 170. And from what I recall of comments made in the movie, the mods on the Honda prolly put it in a similar price range to the vet.
So, if you don't mind seeing some Hondas, and are able to look past the Honda advertisement feeling, The Fast and the Furious was a cool flick. ;-)