Most Americans should be well versed in British culture, since it has fed so much of American culture. For Americans to not appreciate or understand this ceremony's segments says more about their lazy viewing habits than it says about any aesthetic or technical aspects of the ceremony.
Britain rightly honored its cultural power worldwide. Its amazing "Workers of the Industrial Revolution" historical segment honored humanity who built the foundation for all the modernization that the world has since enjoyed. Then honoring children and the care of the vulnerable of society -- classy and bold. Voldemort's 100 feet tall! Mary Poppinses save the children from the Voldemort nightmare! Chariots of Fire with Mr. Bean, heh heh. The British showed their love of subtley beautiful colors, comedy and music!
The rock music movie cubes of the "Digital Age" segment were ingenious. They awesomely visualized the beloved music that the whole world has come to know -- music of the Stones, Kinks, Beatles, Zeppelin! reggae, Bowie! Queen! New World Order, Annie Lennox! light show! Prodigy, Blur, Dizzee Rascal, Bollywood! Muse, Pet Shop Boys! And finally, the founder of the World Wide Web -- Sir Tim's WWW light show "for everyone."
The whole Parade of Nations party to electronica, ambient technopop and live drum corps was the fastet, least boring team parade in Olympic history! Man, I love the British. I'm glad they love themselves.
Now that I think more on this, I think any American criticism of this even fails to properly appreciate -- out a lack of self esteem, I believe --the story arc of all that Britain has given the world. 
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