Just saw it for the first time this weekend as well. My thoughts, starting with the good:
Nothing seems to be wasted. Just about every bit of scenery and dialogue adds to the film, which I really liked. Even at the very beginning, the little line about how grandpa “never got over losing to Jesse Owens” adds to the character of the family. The Jesse Owens thing also ties into Walter’s night running: Grandpa was a sprinter of near-Olympic caliber, and he’s relishing being able to run again. So, overall it’s quite a tight little movie.
No complaints whatsoever about performances. Everyone was well suited for their role and played it well, particularly Georgina, who was very freaky indeed. I didn’t realize until I was thinking about it the next day that all the primping she did, checking out her reflection, smoothing her hair and whatnot, was all about Grandma admiring her different physical form.
The not-as-good: for the most part, I found it predictable. There was one real surprise (“Grandma.”), and apart from that, it basically went exactly where you know it’s going to go, step by step.
Chris and his buddy happened to know the one other black guy at the party. You might say Peele is having a laugh at our expense (“See, we really do all know each other!”), but it seemed like lazy storytelling. Couldn’t he just recognize him as a college basketball player who went missing or something?
Initially I thought, at the end, they were going to pull a Brazil, and have the whole escape be a product of his cooked mind, when in fact he’s undergone the full procedure and is now living only as a zombie in the subconscious of a body being driven by someone else. But when it showed his girlfriend eating the cereal and milk, which is something he’d have no way of observing, I figured that was off the table and we were in reality.
That original ending would have been interesting, but one way they could have turned it around for him: Chris is in jail for a while, but then one day he gets released, and wonders why, until he sees on the news that dozens of bodies of old white people with their brains cut out have been found at the bottom of the lake, or in the ruins of the burned-down house.
I liked it, but I’m really up in the air about its Best Picture chances. Sometimes the Academy goes for something as different as Get Out, but that’s really rare, and a horror-type movie hasn’t won for 25 years. So, I’m pessimistic.