Saw this today and thought it was good but not great. My knock was that it was a tad too long(2h 23min). Other than that, here's my take without spoiling too much(if I get into spoiler territory I will be sure to warn):
The Characters: Mamoa was good, not great. I get what the DCEU is trying to do. It's trying to distance itself from the cheesy 70's cartoon version which is so bad that Raj Koothrapppali was willing to dress up as Wonder Woman instead so this version is a 180° change from that one and according to my wife, he's eye candy. Amber Heard in a skin tight green scale suit, 'nuf said there. She's very, very hot in this movie. Nichole Kidman was OK although I've never been a big fan of hers to begin with. Willem Defoe, was nice to see him not the villain this time. Dolph Lungren was a surprise. Took me a minute to recognize him. And I thought Patrick Wilson did well as Ocean Master. Nothing earth shattering but he pulled it off. Now, where I was disappointed in was Black Manta. Don't get me wrong, loved the actor and the character itself(probably one of the most underrated DC villains) but we didn't see enough of him and quite frankly, he was reduced to being just a McGuffin. All in all, though, and this is what DC movies do well at, the characters have depth. Oh, and it was good to see Temuera Morrison again(Jango Fett).
The Plot: Not a great plot and as I said, Manta was grossly underused and, as I said, his inclusion was nothing more than a distraction and a McGuffin. It really didn't add anything to the story but to slow Arthur and Mera up a tad. The true story in this movie was the battle between brothers but all in all it wasn't a great story but it played out well thanks to the visual and special effects.
Action: The fight scenes were good but the final battle was a bit over the top although I got a kick seeing things I got to fight in DC Universe Online(Ocean Master or Aquaman and the Briny Hulks. Manta too but he keeps whupping my all). And to see Aquaman on a seahorse did make me chuckle.
Grade: Solid C+ to B-. Wonder Woman was better but this was good as well. Those who say they outright didn't like it are either biased toward Marvel or who are so jaded by DC's inconsistent movie making to admit that although they didn't hit a home run here they got a solid double at least. I would have graded it higher had they either just gone with Black Manta or Ocean Master arc but putting Manta in just slowed the pace a tad.
Again, Amber Heard. Yowza!
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