I watched it the other day (the "directors cut"). It was definitely one f'ed up movie. Half stupid, half ridiculously funny. Its the same premise as Borat where he goes into organizations or groups and pretends to be X while making a fool of himself. The TV show focus group was hilariously bad -- I think I hurt myself laughing at what was on the TV. The hunting trip was cringe-worthy and the baby modeling agency pissed me off until I saw what he did with the pictures. THAT made me laugh.
I think it might have missed something in the edited version, but I may be mistaken. I didn't want to watch it at first, but there was nothing on after the hockey game.