I have just returned from watching Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan with spork_incident. Hilarious stuff, especially the epic fight between him and his producer, and some gags involving a bear.
In a lot of cases, I think the American Bigotry Revealed by the movie has maybe been a little bit overblown, as there were numerous occasions in the film where it appeared to me that some of Borat's more offhand remarks simply didn't register on his victims, because they were so far out of the frame of reference of what they were expecting that they just assumed that they either misheard him or he must have meant something else. Remember, everyone in the audience expects Borat to say anti-semitic, misogynistic things, so we're listening for them. I think that does make a difference; the people he's talking to have no such expectation, so their brains struggle to process it, or rationalize it away.
That being said, there were certainly plenty of occasions where there was clearly no misunderstanding at all. Sometimes humorous, sometimes... kinda creepy.
And after the movie, spork and I went Jew-tipping. I tipped six, spork only tipped two. He is weak, like woman or Jew; I could crush him easily. High-five!