I thought it was funny, but not nearly the movie that Borat was.
I think the difference is in the characters. Borat, for all his boorish and harassing behavior, was a sympathetic character. He's not a bad person by nature, he's just from a different culture and hasn't adjusted. You rooted for him. Bruno, on the other hand, is a douche. He's vacuous and can't rally the audience around him. It makes his ambush stunts feel mean-spirited, while Borat could pull them off.
Another reason Bruno suffered was that the stunts were more staged than in Borat. You can't really blame the filmmakers, because his fame makes it harder than it was before, but it still makes for a lesser movie.
That said, I thought a few parts were really funny, like the gay sex montage, the focus group, and the scene with the cameos (which I won't ruin.)
Everybody have fun tonight. Everybody Wang Chung tonight.
just saw it last night. i took a girl who i knew would be offended (cause i'm too passive to say "its just not working out") and man was she offended.
i thought the penis video bruno showed the focus group was fucking hilarious. actually the whole thing was pretty funny, not nearly as offensive as i thought it would be, but maybe i'm just really desensitized. at any rate, i was genuinely entertained.
but the girl wasn't offended enough to stop talking to me. next step: plant a Nazi uniform somewhere in my room where she can find it.
I saw it....it was (very painfully) funny. Kind of hilariously awkward, like The Office x 1000. I'll admit to cringing myself through it. Once I got 3/4 of the way through it and could predict that the rest it would consist of more awkward sex jokes, I got bored and stopped watching.