As for the rest of your review... well... I can't really argue against most of it.
Although I'm kind of afraid to watch it now. I last watched it, probably around 07 and still had fun with it... looks like you did too until now. You've worried me.
Although, I must ask, what about the movie made it disrespectful to the source? Especially after something like Megalon or Megaguirus or something.
As bad as GFW is, I do think it stays pretty faithful to the 70s era that it was meant to pay homage to. But the 70s era wasn't really the best era for Godzilla, so I guess that explains it.
I think Kitamura is one of those guys that is good when he's taking a project that requires him to be very restrained (Azumi, Sky High, Aragami, Midnight Meat Train, etc.), but when he gets too many toys to play with, he just loses it. He's like that student that only got As when he didn't have classes with his friends in them to distract him (ie me in high school).