Ergh.. hate to double post, but sorta bumping the thread since I've seen the movie:
I wouldn't say it's destined to become one of my favorites or that I'll go buy it on dvd right when it comes out. It's a feel-good movie, though, and the special effects are REALLY nice. I'm a sucker for dragons so I had to go see it. The dragon in the movie was adorable as a wyrmling [baby dragon]. As Mikey said, it's a predictable fantasy story and to me, some of the acting was a bit stale. I went into this movie knowing a lot about it, though, so I took the chance. I just wanted a nice, simple movie anyways.

Maybe the sequels might repair some of the flaws in the 1st movie.