I saw this at the dollar theater last weekend and I have to say, I really liked it. My husband wasn't sure what it was (but because it was my turn, he couldn't say nay). When he saw Will Ferrell in it, he was like, "Oh, I hate that guy." I reassured him that I heard this wasn't like most of his movies.
I really like the style of the narrator's writing and I like the thing about the watch.
** Spoiler
I like how the writer pulled in the watch that saved him, since it was the watch that "caused" his death (although it was worth it to try to save the boy, of course). I agree with Hauf. I feel that the reason he lived was compelling and it made for a good reason for the author to rewrite the novel.
It seemed like there was a lot of depth to explore with irony and symbolism and such, which was cool (even if I'm too lazy to actually explore it) and I like how the it could take pretty mundane circumstances and a mundane life and make it seem really special.
I'm saying there are not flaws, but I don't feel like exploring them.