SPOILERS!!! Loved it, glad I saw it. Steven Spielberg never disappoints.

Rating: 9/10 (28 December 2011)

I didn't know much about this movie prior to renting it, but remembered it was a Steven Spielberg film. I absolutely loved it.
The kids' acting was great. I especially liked the small kid with the braces, very funny. They were all great actually, especially the main character.
The movie really got my attention with the train accident. WOW!!! I've read some of the other reviews where people say there's nothing really new here, which is true, but it's a fun, exciting, and emotional movie nonetheless.
Rent it, buy it, watch it over and over. I wouldn't recommend this movie to kids under 12 though. There are some implied gory scenes, just implied though.
To be honest, after finishing watching it, I couldn't wait to watch it again. It's fairly complicated and you could miss something the first time you see it.
As for how you watch, make sure it's on BluRay and on a large screen! If you have surround sound too then you're all set.
Make some popcorn, have some friends over, and enjoy. The special effects are great; the explosions, the alien, and pretty much everything in between.
This movie isn't going to rock your world, but it will surely be a great movie night. You'll be glad you watched it. I know I am.