In many ways, this show gets a completely unfair rap from people that had been expecting something entirely different. When one conjures up images of anime comedy, one tends to think of a moe-blob and her misadventures in high school - something the creators of Panty & Stocking With Garterbelt have obviously had just about enough of.
In that respect, they're not alone. This is a show that is truly in sync with true veteran anime fans for its self-referential comedy, its blunt and honest lambasting of ludicrous anime norms and expectations, and its innovative art style.
Do yourself a favor - if you're into anime, have been growing a little bit bored with the endlessly repeated formulae that have been plaguing the genre and you don't mind being occasionally shocked or disgusted, this brilliantly animated and laugh-out-loud show will quickly become one of your favorites.
Easily the sleeper hit of 2010.