I was disappointed.
The fight scenes:
-The Nameless/Sky fight was by far the best one (too bad it was the first)
-The defense of the caligraphy school was kinda fun...
-The Snow/Moon fight was cool, but the computer generated 'wind scar' action was seriously overdone.
-The Nameless/Broken Sword fight just pissed me off. Would have been cooler if some of the fight went under water.
The story (spoilers?):
I understand now that this was a Chinese legend. However, walking into the theater not knowing any of that, I was generally pissed off at the 11th hour change of tack in the movie (the last 15 minutes of the film). It was cool while the whole movie was about assassins and skills and entire lives devoted to the belief/defense of something... Then everyone changes thier minds and kill themselves?!? And whatever happened to Sky? No spear, so he must have gone and lived a peaceful life while he watched the King butcher his people in the name of 'Our Land'. I guess this shows my ignorance in Chinese culture, but my cat could have written a better story.
All told:
If I wanted to watch a movie where the moral of the story was 'yay pacifism', then I would have watched a Steven Spielburg/Tom Hanks film, not one starring Jet Li and endorsed by Quentin Tarantino.