It's more than watchable. Sound is a little hollow, but good enough to understand the dialog, and in a film like this, that's of greater important than anything else.
Video fairly good for a cam. Color is better than most. Since this is not an action film, pixilation is not that important.
Sound is typical hollow cam.
Movie is typical Woody Allen - sometimes funny, sometimes not. But Woody and Scarlett have a good rapport going, Hugh Jackman is just along for the ride.