I watched it, and enjoyed every minute of it. Paducah is on my bucket list!
I am grateful that in my guild, and certainly at the International Quilt Study Center & Museum here in Lincoln, NE, art quilts and traditional quilts (and their makers) coexist peaceably and respect one another. We each have personal preferences. I am not now, nor will I ever be an artist using fabric as my medium. I love fabric. I love color and design. And I love the process of making quilts, including hand applique and English paper piecing. I also enjoy the companionship of my quilting buddies.
I believe the quilting pendulum had swung too far away from traditional quilting for awhile. And in my experience, it has been the art quilters, NOT the traditional quilters, who tended to be snobbish sometimes to the point of ridicule of traditional quilters. The movie portrayed the traditional quilters as OLD snobs, but didn't fully capture the snobbishness and elitism that is sometimes present in the art quilting community. It's a two-way street.
I, for one, was happy to see some beautifully-executed traditional quilts (including Nancy Kerns' incredible Mary Simon Baltimore Album quilt which got only a quick glimpse in the movie) win some top awards in 2010. And I am happy to see hand applique and hand embroidery making something of a comeback in the larger quilting community. The Best of Show quilt was traditional in appearance (from a distance), but not "traditional" in its construction. Grandma's quilts didn't have see-through borders.