Dude!, just saw the movie and will take atleast a week to recover...
PROS:
1) Madhuri Dixit's dance is far superior to any of the actreses in bollywood currently.
2) Madhuri dixit looks old, but then she plays a character appropriate for her age and dances great. No complaints there.
CONS:
1) There is a song n dance sequence every 10 minutes. Agreed it is a dance based movie, but gimme a break yaar !!
2) songs are too many and too long and all sound/look the same
3) No significant acting, even Madhuri. The only one I liked is of that Chai wala
4) In the end after doing all the dance and songs and saving the theater, madhuri leaves everything and returns to New york and Presto! Akshay Khanna follows and both have starbucks coffee!!, who cares what happens to the theater after madhuri left. A better ending would have been madhuri stays back in India, and starts a dance school or something.
5) Raghubir Yadav is called "Doctor" by everyone, yet he is often shown pulling a cycle rickshaw.
Final word:
Don't waste money on movie ticket, wait for a few weeks you'll find it on the internet, Worth seeing only for madhuri's dance. Enjoy :)