This show is my favorite. Finally a cooking show that's not a boring "how to" session, it is not at all the intention of this show to teach you how to cook. You just sit back and watch these guys use the theme ingredient to prepare a gourmet meal in an hour, and you ooh and ahh.
It's no surprise to me that the challengers take the contest so seriously. Cooking is their art, and the challengers are very respected among the culinary world, owning only the classiest restaurants. This is a true test of their mettle, and they have something to prove. The other great thing is that this isn't a petty game show where some obscene amount of money is at stake. According to the show's intro, all the challenger gets if he/she (yes, I have seen a female competitor on the show) wins is "The peoples' ovation and fame forever". Okay, that sounds a bit silly, but seriously, all they win is the honor of beating an Iron Chef. The only material prize is an indirect one, since the winner's restaurant can now boast an Iron Chef victory and will definitely gain a lot of new customers.
I think that the Food Network did a great job converting the show for an English speaking audience. First off, congrats for not dubbing Kaga. His "If my memory serves me right..." monologue is my favorite part of the show, and I like to listen to how he speaks the Japanese language, even though I don't speak a word of it myself. Second, congrats on dubbing everyone else. Reading subtitles for the whole show would get very tiresome. Some of the dubbed voices sound downright silly (especially Chen Kenichi and Hiroyuki Sakai), but that's ok. I think that it adds an element of humor (intentional or not) without making the whole show seem like a big joke. And finally, they did a good job budgeting time. You don't see the whole hour of cooking, but you see enough of it to know what's going on, and there's still time for the intros and the judging. My only complaint it that there is a TON of commercials.
And one more thing - I like Ota! Everyone seems annoyed by him, but how can you have an episode without him? His "Fukui-san!" comments are the only thing that explains what the chefs are doing, and since they are doing so much so fast, Ota has a lot to tell Fukui-san and the audience. It is amazing to me how he memorizes every ingredient that goes into the pans.