I'm sure it's all right to post about "Smallville" here. I've only seen a handful of threads on it at the Batman/Superman board (before the move). And this is the "everything else board."
I think the series would've had a good chance of success, and would deserve it, if they'd kept it to the original material. After all, the baby Superman landed on earth circa World War II. What a great setup! You've got paranoia about outsiders -- they might be German or Japanese spies! They might be commies! And you've got a farming community in the Great Plains, where everyone knows everyone else's business. The Kents took a huge risk when they rescued that baby. On top of that, poor Clark grew up in the era of McCarthyism. What a dangerous time to be "different!"
The teeny-bopper trend is a real threat to the Superman mythos. We've seen it undermine Batman (in season two of "Batman Beyond"). But what I'm hearing is that "Smallville" downplays the decisions the Kents had to make. Just how "different" is Clark in this modern era? Kids believe in aliens nowadays & it doesn't scare them. Maybe it's because their parents saw Elvis at the gas station.
A big area of concern is that supposedly Lex Luthor grows up in the same town. And yes, I'll agree they're trying too hard to make it multicultural. Unless you're black, you've probably never heard the term "flyover states." It's what people call most of the Plains and the Midwest -- that is, states you'd see through the window of a plane, but wouldn't care to land in. Clark Kent grew up in a farming community in Kansas, which for a long time meant WHITE community. I'm not saying that America isn't more multicultural. What I am saying is many towns like Smallville aren't. Too many farm families are going out of business. They aren't selling out to nonwhites but to the farming conglomerates. Therefore it's unlikely that Smallville is even the remotest bit cosmopolitan. It could end up looking fake.
Maybe they'll find a way around these obstacles. But I think that setting the show in the present will make the job so much harder than it has to be. True to the material is better than true to the trend.