Making a Star Trek movie is not easy. One should be able to capture the spirit of Star Trek, have phaser-blazing action, romance, light-hearted fun, end-of-the-world scale drama, corrupted to the core villains, all in one story. Making a parody is not easy at all, one should take what made the original good and retain it, while with a keen eye pointing out all the little (or big) silly notions and mercilessly make fun of them - and yet the end result should remain watchable on its own.
Star Wreck manages all of the above, and as an indie movie, to boot. The special effects are completely state of the art and would do in any commercial movie of today. Every scene is lovingly crafted to as near perfection as the shoestring budget would allow. Where the homeknit quality does show, it feels mostly like homage to the cardboard and styrofoam props of ST:TOS and Babylon 5.
The criticism that could be fairly given is that the plot and the characterization suffer from a lack of a professional writer in the crew. Even then, the pacing of the movie is good, the jokes, while boyish, are on the spot, and all in all the movie leaves all the other sci-fi parodies out there completely in the dust. A definite mood-lifter for the viewer, and the story of how the movie was made is worth seeing in itself.