The parts of the movie that actually show Godzilla are cool. The monster is very freakish and spectacular in design. The rampage scene in the middle of the movie is unforgettable.
However, I think Anno went a little bit overboard with his focus on procedural machinations. I get that he's trying to make a point about bureaucracy and politicians in the face of crisis. The satirical elements are funny for the first 20 minutes or so, then it gets repetitive and tedious. There's more boring bureaucratic meetings in this movie than a day at the Department of Commerce.