So, when Hot Fuzz was released, I saw it in theaters. And loved it almost as much as Shaun of the Dead. By the time it was released on DVD, I had seen it a few times and loved it a little more every time.
This movie is one that requires multiple viewings. The foreshadowing is brilliant, and is so densely hidden into the plot and dialogue that it seems almost silly when you notice it later in the film. For example, I noticed on the second viewing that every single thing Danny asks Nicholas if he'd "done" while being a cop, Danny and Nicholas later do in the final shoot-out.
The jump cuts and editing in this film are also incredibly entertaining and pleasing to me. I am always a fan of editing that you can tell was worked diligently on, instead of just cutting every time the camera moves. Instead of showing people driving to a certain place, the jump cuts show people getting into a car, the car braking, people getting out. It seems more fast-paced (which is especially needed in a movie such as this, which is all about murder and the law) and it cuts out an unnecessary driving scene.
While some people may write this movie off as a silly action flick, it is instead a deeply intelligent work of comedic and artistic genius.