I saw it today at one of our "boutique" theaters that shows mostly Indie films. Most of the patrons were in their 70's and 80's, so they could really relate. I saw it mostly because it was produced by Baz Luhrmann. I never really cared for Elvis' music but the film was still entertaining. The film was visually pleasing, and the young man who played Elvis was outstanding.
Most of the film takes place in the 50's and 60's when Elvis was at the height of his popularity. I couldn't really relate because I was a young child at the time, but it was interesting to see the history. There were lots of racial overtones, since it seems Elvis used to attend Black revivals and worshipped singers like BB King and Mahalia Jackson. A lot of this contributed to his style. I wasn't aware there was such political controversy created by this.
The film was narrated by Colonel Parker (played by Tom Hanks) who indeed did not have a passport and so never allowed Elvis his wish to tour the world. He, instead, signed him to a multi-year deal at a new Vegas hotel so he could pay off his gambling debts and screwed Elvis out of a ton of money.
Unfortunately, I remember the Elvis from Hunk of Burnin' Love, putting on weight, sweating and taking drugs. That was covered in the end of the movie, and it was dark and sad. My gauge for a movie is whether it makes me feel something, and this one did.