I watched it this weekend and as a long time Iron Man fan, I have to say I enjoyed it. I thought the action was great and the dialogue was snappy.
Iron Man was the first comic book hero I really loved. I started reading comics at around age 5 or so. I remember reading a lot of Avengers back then, and I do remember my first few Iron Man comics, which were around #115 in 1978.
I only stuck with Iron Man through maybe around 1982, and got the couple of issues when Rhodey took over. But that span was mostly about Hammer and Shield, and it included the Demon in a Bottle storyline. So I had heard of the Mandarin, but never really read any issues with him.
*****SPOILERS!*****
So I guess the twist didn't really bother me too much because I never held the character of the Mandarin so dearly. And really, all the talk around here about spoilers and even that thread discussing specifically HT figure character spoilers, probably made the twist much less impactful. And I made sure I avoided everything having to do with Iron Man when all that spoiler talk started popping up. But just all this excessive spoiler talk I guess made me expect a twist to happen.
I guess they could have made Guy Pearce's character Asian, so him being the "real" Mandarin might have not seemed so out of left field. But eh, I thought the movie worked well enough and I thought Guy was good in the role. I did think he was channeling Val Kilmer, though! The whole Mandarin/Trevor thing is not really an issue, IMO. Killian is the real Mandarin, and he was just as evil and threatening as one would expect. But I think there is also room for another type of Mandarin to emerge in a later story line. There could always be another character, or even the "true" Mandarin, step forward as the real head of the 10 Rings.
I normally don't like kid sidekicks, but I thought this one worked well. The kid wasn't annoying or "Hollywood-y". Just to put it in perspective, I think Short Round in Temple of Doom is annoying, and I LOVE Indiana Jones.
I did think the beginning was a little choppy and clumsy. It smoothed out once the attack on the mansion started. And I thought they rushed the end when Tony narrated that Pepper was "fixed" and he had his surgery. The only thing that bothered me was the fact that his chest reactor didn't seem to be able to power the suit. I see that the 42 is mostly self-powered (as are the rest of the new suits), but I see no reason why once the suit is on Tony that the suit couldn't draw some of the power from Tony's arc reactor. And someone else mentioned that the purpose of the arc reactor seems to have changed from the first two movies seeming to be more about being a kind of pace maker from Tony, to this one being (what it was supposed to be all along) a magnet to keep the shrapnel from shifting into his heart. And I also thought that perhaps he could have kept an arc reactor on him even after the shrapnel was taken away, just so he could have extra energy for his suits. I was hoping the after credit scene would show Tony's face talking and pan down to reveal that he still had an arc reactor.
But I'm able to let it slide because the movie worked well overall despite these little things that bothered me. It's not like the other two didn't have any problems either. I don't think this movie is anywhere near as bad as Spiderman 3 or X Men 3 (which I thought were embarrassingly bad). And I think it's better than Crystal Skull (which I liked).
I'll definitely put this one ahead of #2, which I did enjoy as well. I'm still not sure how it compares to #1. The action was definitely better than the first one, but I also was fine with the amount of action in #1. I personally like it when the hero shows he's more than just his "super power". So I did enjoy Tony resorting to using his mind to build tactical gear for his raid on Vizcaya. I'll have to watch 1 again to see how it compares. It really felt like the end of a trilogy, though. Even the end credits covered all 3 movies in their visuals. I'll be very disappointed if this is truly the end of the RDJ Iron Man series.
My favorite line: "Honestly, I hate working here. Everyone here is so weird."