I wasn't aware they had decided to insert subtitles. I suppose its for the best. I wouldn't say it would have been elitest without - just eccentric.
The anti-Semitism issue is really a shame. We will all have to wait and see for ourselves.
Basically what i've heard is that the movie will incite renewed dislike for Jews since they were responsible for Jesus' death, and not that the movie is inherently anti-semetic itself.