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UPDATE (12/11/09): Second-run shows are no longer being shown; all the shows currently shown at the theater are first-run ($5 after 5:30).
You do have to sit through commercials and a few trailers, but I think the number is less than you would find at an AMC.
And as long as you're in the neighborhood you should definitely stop to eat at the Buffalo Restaurant and Ice Cream Parlor, located right down the road (1180 W. Lake Cook Rd). Why? Just take a look at the sundae I ordered after a recent trip to the movies to see Paper Heart:
Yum! is right.
Buffalo Grove Theaters
120 McHenry Road, Buffalo Grove, IL
Website