The highlight of this movie, in my opinion, was the portrayal of legendary rock critic Lester Bangs by Philip Seymour Hoffman. He had several of the movie's best lines, including

"Jim Morrison was a drunken buffoon posing as a poet. Give me White Light / White Heat . . ." (proceeds to search for the seminal Velvet Underground album, and eventually settles on the equally influential "Raw Power" by Iggy and the Stooges.
(NOTE: The only thing is, the only version that would've been available then is the crappy David Bowie mix, and it looks like he's holding the new mix by Iggy Pop himself, which came out recently.)

(In response to the young rock writer saying "I'm glad you were home") - "I'm always home. I'm un-cool."

Nonetheless, the whole movie was great . . . many references to great classic rock bands, and the fact that the soundtrack contained the likes of The Who, Iggy and the Stooges, and The Velvet Underground pleased me greatly. Go see it.