A wonderful adaptation of the books. It's incredibly stylized with amazing transitions and little graphical additions to many scenes. And the soundtrack is KILLER. It's a bit fast-paced, but they did have to cram 6 books into one movie, so it's kind of understandable. I can't help but feel it would be quite confusing to someone who never read the books, though.
It's all-around fantastic. It's honestly one of my most respected films.