I dunno why it gets such a bad reputation. It's not that bad of a film, it's full of stars, it brought back together a few cast members of "SUTV" as well. It's just a movie I think people try to compare too much to the originals, but if you watch it as its own movie, there is far worse movies out there.
The "would you like my penis" scene is hilarious to anyone, and sure, the jumping Lamborghini thing is pretty lame, but so was some scenes in the original Cannonball movies like Jaws telling Jackie Chan to "make us invisible" and the car hovers 50 feet in the air? Or Beauties god awful stupid joke about balling your brains under a tree and playing it out with music like the punchline was meant to be in some way funny?

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I know what you mean and I'm on the hunt to buy it already. But yeah there are quite a few movies like this that are always given the one star ratings or whatever but they are classics nonetheless.

No, call me completely nuts, because I own the DVD.
http://img220.imageshack.us/img220/168/speedzonesz1.jpg

"If I've never seen it before, it's a new release to me."

it IS on dvd.