I'm a third year undergraduate right now. I submitted a review on Cell motility, waited 6 months and got a rejection. The first reviewer appointed the manuscript as "publishable with corrections" and gives recommendations. The second reviewer didn't like it at all and made harsh comments. It seems that the first reviewer went throughout a longer analysis of the manuscript (based on his careful comments), while the other discarded it quickly, without too many protocol. The Editor's comment at the end sounds a bit like "We could be friends in the future, but go somewhere else this time".
Although I agree with the majority of their points and I know most papers are rejected nowadays (so I'm not desperate with this issue), I'm confused. Is the papers worthy of revision and resubmission (to another journal) or should I tank it? I've to be careful with duties (Thesis, Assistant job, etc.) because I don't want to spend an extra semester at College due to this nuisance.