Saw it this weekend. As a movie and entertainment, it was great. Fun, good acting (especially Stephen Rea and Stephen Fry), pretty well-directed, and enjoyable. As a political statement, it was heavy-handed, especially when it showed a flag made out of the American and British flags with a big swastika in the middle.
I can't get behind the idea that this movie is all that risky, either. It's nothing people haven't been saying for years. The book was written in the early and mid-eighties, actually, referencing the Thatcher government. And of course there's the obligatory pharmaceutical companies are in league with the government conspiracy bit. Also nothing new.
But it was still fun to watch. I think that says a lot, since I generally disagreed with the message.
And I do agree that governments should be afraid of their people, just not because I think our government is going to outlaw homosexuality and Islam.