Over-long and self-indulgent. This movie stands as a warning to everyone as to what can happen when a director has noone around them to say "no."
The stand-out star of this show is WETA, Jackson's effects company, who managed to create a believable fantasy world and fill it with entertaining spectacle. For me, Kong himself is the first special effect capable of displaying a range of authentic emotions.
Still though, the extras on this DVD, along with the "Peter Jackson's King Kong Production Diaries" DVD provide a fascinating glimpse into the making of a contemporary blockbuster movie. And that's worth the price of admission alone.