Oh, and I realie that I didn't actually answer the other questions...
Does your child like school? Not anymore.
Friends? 3 of her 4 best buddies from K and 1 got sent to the gifted program last year; DD wasn't mediated for ADHD yet and couldn't hardly sit through the test, and scored a mere 97% on the CogAT last year, which disqualified her. This year she has the 1 actual real friend. She's oddly popular for a kid with poor social skills, but she wouldn't really miss any of the other kids.
Teachers? Eh, they're not bad teachers.
Curriculum placement and pacing? The curriculum placement and pacing is exactly what every 2nd grader gets; it is too slow and far too easy.