Frankly, I wasn't all that impressed.
The plot, of course, is paper-thin.
The music was very synthesizer-heavy, so much so that it screamed "80's" to me far more than it said "good" or "bad".
So all that was left was the dancing and the women in sleek tights. Which factors were both pretty good, certainly--but the Jazz Nutcracker let me see both much more closely.
It was a decent musical, I suppose, but I don't feel any need or desire to see it again, unlike other musicals.