I think this is a great film for anthropology students. It demonstrates many of the hypocricies that exist within academia as well as the types of pressures that many professionals feel within the field. I also think it's a great introductory example for anthropology students regarding ethics, structures of cultures, and the nature of our own culture (how we justify normally taboo items).
I show it to my Introduction to Anthropology students every year. They laugh, they ask questions, and they appreciate the film. I recommend it. I've used it for years in Anthropology classes - I have students analyze the Shelmikedmud and come up with more cultural traits. I then follow by having them simulate the type of cultural creations that scifi writers do - creating their own alien cultures.