I'll go first.
As part of our ongoing Little-Bollywood film quest at the House of Guapo ™ we recently watched the much anticipated (in the Indian Community) film Bend it like Beckham.
I liked it. The BBC review you can find by following the link is dead on. Having an Indian (Asian version) handy while you watch the movie to point out the subtle vernacular events in the film that are not obvious to regular western viewer was helpful. It is a nice family movie that will surprise Americans with its lack of hardcore porn, mindless violence and moral bankruptcy. Yet it is still entertaining for people of all ages.
We found the film available on DVD at our local rental store.