I found out from IMDb and later from Wikipedia that the movie was released as a backdoor pilot for a potential new series on TV and hence did not hit the theatres at all. If you are a Knight Rider fan, then you would know that there was a TV series on NBC back in 1982 to 1986. It starred David Hasselhoff (of Baywatch fame) as Michael Knight. David returns in this movie too as the current Knight's father.
To start with, I did not like the movie much. It's not much of a movie really. Once you watch it, you will realise that it's more like a TV series. But then since it was released only on TV networks and not in theatres, that's alright.
Star Cast and their acting:
The Car:
Now, some work has gone into the technology with the people in the movie talking about nano technology and complex algorithms, AI and encryption. Something to cheer about. I am an Engineering student myself and some of the stuff like the robots actually look believable. :) So I give them credit for that. The car is awesome and is called KITT which is short form for Knight Industries Three Thousand. It is voiced by Val Kilmer. Now, that's cool. It is actually a Ford Mustang GT500KR.
I'll be watching the series for sure. But you can sure give the movie a miss.