I attended today, at least for awhile. I'll update this tomorrow with impressions.
Update, 5/21/13: I wasn't impressed with much at the ceremony. I don't want any individual to take offense so I won't specify what I didn't like or why, choosing instead to say nothing when I don't have anything nice to say.
One thing I thought was very nice, though, was what was done with our two foreign exchange students. Since they don't really graduate, our previous principal wouldn't let them participate in the ceremony at all. Our current principal, though, brought with him from his previous job the nice gesture of allowing them to participate by calling them up onto the stage and presenting them each with an American flag. Very classy.