I'm going to have to go against the grain on this one, I am disappointed with this film. However, I admit, one does derive smug pleasure from the quintessentially American and implausible premise of a fake film designed to smuggle would-be hostages out of the Middle East.
Aside from the fact the plot is based on an awe-inspiring true story, Argo proves to be as thrilling and suspenseful as watching paint dry. Fairly rapidly I developed an ominous feeling that I was awaiting a corny and predictable ending, thus alleviating any sense of dread I felt about the fate of our insipid characters.
The essential flaw of Argo is that despite its engaging subject matter, it is a superficial and flimsy film. Its apolitical orientation precludes it from exploring the complex facets of humanity manifested by a tumultuous event such as a revolution. It appeared Affleck's objective in directing Argo was to render it as palatable as possible to as wide an audience as possible. The inherent gravitas of its subject matter simply functions as a means for this shallow Hollywood blockbuster to masquerade as a cerebral and intriguing piece of film-making.
I can see many people have and will derive pleasure from Argo, I am just not one of them.