I liked this way more than I thought I would. For a family-friendly show (ick, I am technically a grownup), it has a lot of depth. Clark's other friends are just annoying, but I think Clark and Lex are fascinating, and their relationship with their parents - and each other's parents, and their parents' relationship with the other kid and his parents - is suspenseful because every episode somebody is balancing on a moral knife edge. In a subtle way.
I never read Superman, but I'm pretty sure that Lex grows up to be a villain in the comics. Poor Lex! I'm hoping it turns out different in the TV series.