Very mildly amusing, and feels like you’re rushing through a much bigger story. Or seeing the edited highlights of a 6 hour miniseries. I guess they wanted to hit the main story points of the original TV series, but that’s just a guess.
However, it was kind of fun, if you have a high tolerance to a plot that snakes about wildly and doesn’t really settle. Also, the beginning and end segments, with Will Ferrell being interviewed as his character in a talk show, seemed more Ron Burgundy than this movie.