I saw this tonight, and you'll have to count me in with the people that liked the show. Is it absolutely great theater? Nope. But it was a fun night out -- and was just plain enjoyable.
A quick rundown: I'd vote Linedy Genao as Cinderella as just OK, Julio Rey as Prince Sebastian as very good, Carolee Carmello as the stepmother as OK but a bit too much, and Grace McLean as the queen as good. I liked the tunes, and thought that the lyrics worked well with the show (even when they were very deliberately rhymed). I thought the set was very good, despite a bit of overuse of certain set elements.
Mostly, I think what carried the show was... the show. The basic conceit was fun, the ensemble was very good (especially The Hunks), the writing was entertaining, and somehow the whole ended up being greater than the sum of its parts.
Based on the negative posts regarding the show, I was thinking of skipping it, and I am very glad that I did not do so.