Saw it last night, and I enjoyed it. Not the best comedy I've ever seen, and unfortunately a lot of the funny parts were given away in the trailer, but I was still glad that I saw it. I'd give it maybe 6.5/10, which to me means that I would recommend it to anyone but it isn't on the "must see" list. You could wait for video easily enough, and that might actually be better because of the one thing that annoyed me about the movie. At least ten times, I believe, they would say something funny, the audience would laugh, and while we were still laughing they'd say another line that you couldn't fucking hear because of all the laughter. I would have thought that a few test audiences would have mentioned that immediately...unless they were a bunch of unfunny faggots that never laughed, I guess.
There were quite a few "gross-funny" moments that I laughed at a lot too (sucks that several were in trailers as I said though). I don't know what the negative reviewers complained about because I didn't read any, but the only thing I can think of would be that they really didn't understand what a fucking Baywatch movie would entail. As mentioned above, it was along the lines of 21 Jump Street, although not quite as good I'd say. And the plot was thin and convenient. Duh. If you were expecting something more, you were at the wrong movie. It was good enough for Baywatch.
Oh, I should perhaps deduct a point simply because there were no naked titties. Naked dick, as seems to be common nowadays, but not a single fucking nipple. Maybe the negative reviews focused on that?