Amen....this new movie Grown Ups looks to be a perfect example of that. Plus look at all the remakes that completely SUCK along with the movies that are a complete overdose of special effects to where you can't even follow what's going on.
In my opinion the last real movie with great acting, an actual story line and no "amazing special effects" was THE STING.
Paul Newman's character, the great Henry Gondoff, comes up with an unbeatable hand at poker out of thin air, and you claim there were "no amazing special effects"? Seriesly?
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Kidding, right? There have been tons of movies with good stories, good acting and no FX in the past thirty years. Here's a few that immediately spring to mind...
Glengarry - Glenross
Crimes and Misdemeanors
Fargo
Mystic River