I saw it on the Interweeb the other day...
The mantra of the main character, Wylie (named after that crazy coyote), who is a NYC bicycle courier :
"I like to ride. Fixed gear. No brakes. Can't stop. Don't want to, either."
It's pretty cheesy. Lots o' bad acting. There are a couple of good chase/race scenes with interesting camera angles.
Overall it was a fun movie to watch. Glad I didn't have to buy tickets to see it though!
3.5 bent fixie frames out of 5.

Check out the trailer:
http://www.ew.com/ew/article/0,,2048...591837,00.html