I'm not the type of person to watch anime films that re-cap an already completed series. However, being the huge Gurren Lagann fan that I am, I had to make an exception for this. By the time I finished these two films, I thought it was well worth it.
Both films are very well done. They hold true to the traditional storyline and yet change a fair amount of material as well as add some to give it a slightly different taste while still holding the same energized Gurren Lagann atmosphere. There were a few sequences that were greatly condensed or even removed from the original series to fit the four hour, two-part film. Thus I would strongly suggest watching the show before seeing this movie if you've never seen the show and are interested in seeing this film. Its good stuff.
Overall, I would say that this movie is the movie that will pierce the heavens!