The U.S. Department of Education’s first annual review of Hawaii’s Race to the Top was released this morning, but it would be difficult to tell from it that Hawaii is on the outs with the feds.

While the report notes “challenges” and “lessons learned,” it doesn’t come down as hard on the state as last month’s letter to the governor did. And it does highlight a few accomplishments — like getting everyone on the same page with the state’s education reform goals.

The language may be nonjudgmental, but the report does take note of the fact that Hawaii has failed in actually meeting most of those goals so far.

Last month, the U.S. Department of Education cracked down on Hawaii, threatening to cut off the state’s $75 million Race to the Top grant if it didn’t start making good on its grant assurances soon.

We’ll provide a full analysis later today, but in the meantime, the report itself is actually a pretty easy read. Check it out.