I also really enjoyed it. It has a solid sense of its own unusual tone, which I think is the main thing that drew me in and kept me intrigued. It's well put together, with beautiful stolen shots of the city. The only thing that really came off as "low-budget" about it was that the main actors all seem a bit too young and are trying to play above their actual age, but then again, I'm not sure that that's not part of what contributes to the odd tone that works so well (like, maybe Ted wouldn't have such an odd presence if he didn't look like a kid in a big-boy suit).
Anyway, glad to have finally seen this. I'm looking forward to what you do next!