Real Steel is Rock 'Em Sock 'Em Robots meets Rocky with a heavy dose of a clone of the annoying shit from the Phantom Menace thrown in. It hit cheese factor five pretty quickly, but was partially redeemed by animatronic violence and Evageline Lilly's rack.
There were some cool moments, but the commentary by "ESPN" in the final match was stupid enough to ruin the ending.
I thought the movie was ok and not the worst way to kill a couple of hours. I know that recommendation is not rousing, but it's truthful.