Very cute and sweet. Would've been a typical teen romance movie, complete with a happy ending, if not for the fact that the protagonist is gay. But as is typical of the genre, there weren't that many consequences for people's moral failings -- all the issues were...light-hearted. Not even the blackmailer was that evil, and he tried to make up for his wrongdoing in the end.
Don't mistake me, though, I'm glad such a movie exists, because the movie's slogan is right -- everyone deserves a great love story. The only other unabashedly gay teen love story I know is Beautiful Thing and that is a lot more gritty and dealt with a slew of other issues.