I like the way its shot. It’s more like how sports is shot as opposed to the overly cinematic way that a lot of mountain bike videos are shot these days. A few bits of POV might have been nice as mentioned, but only as an added sweetener. 🙂
I like the edit itself I think it cut in the right places and the pacing was good. I liked the “blur” transition but it might have been nice to have that dotted through the whole thing. Ultimately though simple cuts are ALWAYS right. You used one “barn door” like transition at one point that I thought was a bit tacky and felt out of place.
Music is a bit corporate video stock music. I have listened to hours and hours of that stuff in the past and it doesn’t get any better.
You have already mentioned it but personally I find the black around the image really annoying. I’m anal though when it comes to these sorts of “technical” things with video making, as that sort of stuff is almost always avoidable.
On the whole I thought it was a good job, I liked it. 8)