Good comic book movies are still the exception and this movie is one of those exceptions. I never read the comics so I don't know how literally faithful it is, but in spirit it's as faithful an adaption as you could have hoped. It's as much an homage to the time as it is the the pulp movies/fictions of the time. The art-deco mini movie poster is a classic, too.
All the actors do a bang up job, with Jennifer Connelly standing out as a Betty Page look alike and Timothy Dalton as Erroll Flynn in everything but name. Also, any movie that references Rondo Hatton deserves a viewing.
The special effects still hold up nicely (the movie will be 20 years old in a couple of years!). Definitely in the top ten of comic book/superhero movies.
8/10