Aside from some annoying stereotypes, it's worth the price of admission.

Rating: 7/10 (2 July 2012)

It was much better than I expected and I laughed the whole time with few exceptions. It has a much more mature plot than I expected and has touching moments offset with raunchy humor. All in all a good investment of time and money for an evenings entertainment.
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Pro: There are some inventive routines and imagery that's just soooo wrong... It's terrific. the animation and rendering of Ted are spot on. I only stopped laughing a few times and felt disappointed in Macfarlane for a few things that left a bad taste in my mouth.
Con: The raunchy humor in this film is hysterical and I am by no means a prude. I draw a line though, when it comes to deeply offensive stereotypes used to bully people, particularly at a time when bullying is epidemic. How do you tell kids to stop bullying and not to use certain phrases when they are constantly used in Macfarlans shows? Macfarlane can't resist the old worn out gay jokes or racist characters. If he could just avoid rehashing tired old routines, his shows would be much better. For example, I have a hard time with animated shows that continue to use "That's so gay", giving teens the impression that it's acceptable to use this phrase. That one really grates my nerves and I only hear it repeated continually in South Park and Macfarlanes shows. These kinds of gay jokes went the way of black faced Minstral shows a long time ago. Additionally there are a few obnoxious racial stereotypes in this film that really bugged me.
I saw this movie with my brothers adopted Korean daughters. An obnoxious and deeply offensive Asian stereotyped character made them very uncomfortable and tarnished an otherwise wonderful evening.
Bottom Line: Aside from these few ridiculously over done routines, the show is fresh and very funny. I had a great time watching it and left the theater wondering when I can see it again.