"Now You See Me" came out of nowhere and became the sleeper hit of 2013, getting good word of mouth during its theatrical run. Having seen the movie for myself, I am kind of puzzled by its popularity. Certainly, the movie is far from the worst movies I have ever seen - it's colorful, and doesn't have a dead spot despite running almost two hours long.
But there were some things about the movie that annoyed me enough to prevent me from liking it. The biggest problem is with the characters. Except for Freeman's character, there is not one likable character in the movie. The law enforcement agents investigating the magicians are loud and obnoxious, and the four magicians come across as extremely smug. (Also, there is no attempt to give the magicians real and separate personalities - they all act alike.)
The characters were the main reason why I didn't like this movie, but there were other problems as well. One other major annoyance is the depiction of the magic acts. They have been jazzed up with CGI and other special effects so they don't feel like REAL magic acts - they come across as artificial. Also, as the movie progresses, the various feats the magicians pull off slowly become more unbelievable (and not fully explained) that eventually I wanted to cry out loud, "Oh, COME ON!" Less slight of hand and a more realistic approach would have been a much better approach.
(Note to Michael Caine fans: His role is really just an extended cameo appearance.)
