Alright i see a debate going on between bollywood and hollywood.
ok to lighten the matter here is something from my side. i will post for both the sides(hollywood and bollywood).
since its a huge topic i will try to keep it in short and simple.
though i have watched many movies but these days i have almost given up watching movies. or you can say from few years.
CONS of indian cinema
1.first as ethan said i find it very very annoying about bollywood.bollywood,kollywood tollywood...wtf. why they feel ashamed of naming it indian cinema or hindi cinema etc etc.
2.copy or rather inspiration the word they use is the main factor.In short lack of originality.
3.i have watched some of the karan johars movies take for example.and i only liked kuch kuch hota hai.even though it contained some stupid elements.
but rest of his movies feels like stupid.
4.i have seen the promos of 'my name is khan' and i didnt liked it a bit.
5.best example i liked 'rang de basanti' a film which truley tried to hold all the colours.in short in one film they portrayed the current problems of india and its position/perception/relation compared to other countries.
i liked andaz apna apna,hera pheri,...and many others including 70s and before 70s movies.
but leave them what i want to show is look even though some of them were remake but were hit because it had the indian essence in it.
i havent watched paa and i have no interest to watch it because it was 'inspired' from 'the strange case of benjamin button'
NOW PROS
take an example here say ghajini.
i have watched 'memento'(the moment man) and ghajni too.
(allthose who have watched the film should agree that the film memento is a classic and the presentation of the story itself is artistic and brilliant.the protagonit 'Leonard' played by guy pearce originally feels like he is suffering from 'short term memory loss'.great direction by cristopher nolan.)
i will rate memento as a crime art film.
Comming to ghajni I have no complaints against ghajni even though it has many stupid elements inside it.
reason:- if ghajni had been made a true copy of memento then it would have been a total flop.
1.very few people would have understood it in one go.
2.only intellectual people would have watched this film and would have criticised it for being a remake.
example 2:- raaz said to be inspired from 'what lies beneath'
now here mahesh bhatt did an amazing thing

and he converted intellingently the whole hollywood film in to a nice entertaining hindi film.thats why it was a hit.

examples will go on..
in short moral of the story is hindi film industry targets the audience who wants to enjoy a film without applying their brains much.
HOLLYWOOD
Even hollywood also produces movies like crap.
as i said this debate is huge i will try to keep it in short.
lets pick..hmmm...yes..Armageddon..movie which intelligently masks the flaws for its first time viewers.
yeah...when i watched the movie for the first time i liked it very much.
then after 3-4 times it really became very irritating for me.
over acting and stupid directions at some parts.even the story seems a bit stupid.except bruce willis other charecters seemed a bit painful.
i almost forgot all those as i have seen it long back.other wise i would have given more descriptions.
there are also many others. worse than this film.actually they even cannot be compared with this one.

whose name i cant remember now.
but majority of the hollywood films emphasizes on science fiction.some of them are good. some of them are worthless.
films i can watch multiple times:- terminator judgement day,mission imposible1,2.jurrasic park,pitch black,chasing liberty,matrix,silence of the lambs,jaws1,jaws2...and some others(xmen,spiderman type not included

)
some movies which i liked : kate and leopold(nice movie first time i saw hugh jackman without wolverine

),jeepers creeper,the evolution,leon,the invasion of the body snatchers,the exorcist:the beginning......and many whose names i cant remember now.