I watch it, it's good entertainment for me I guess. While I don't get into all of the drama stuff, I do like to see the races.
While it seems they can pretty much make anything look real on TV these days (heck, they make cars and trucks turn into robots!), some of those cars look darn fast. I can't remember seeing that S10 lose a race yet, although I'm sure I haven't seen every episode.
I try to take it for what it is. I have no doubt that some of it is staged, they have contracts with the local cops, etc. I just hope that the parts about spending $20K on an engine and not being able to pay the mortgage, put food on the table for the kids, etc., is staged as well!!!