I watched the first hour and 15 minutes. Will come back to it later probably.
As someone who thought all the X-Men movies were just kinda stupid, I honestly don't think this is really any more dumb than what's come before. The main problem is that Wolverine and Sabretooth are really the only characters in the movie. Everyone else shows up for 10 minutes and then bites it.

It strikes me as so bizarre that they signed on names like Ryan Reynolds and Will.I.Am for what amounts to extended cameos.
The sniper scene in the barn is pure movie-gold though. I'm surprised that forums aren't already blowing up with animated GIFs of it and the "kid Wolverine" opening sequence.