The minute I stumbled upon this epic I knew it was cheese but that didn't stop me from watching it.
Though I liked the idea it really could have been condensed and simplified, not that I'm saying it was too complicated but the plot seemed to out stretch the movie's time limit. The plot (and coincidentally, people's names) were at times hared to figure out and who and what people were talking about but the pace of the story seemed to nullify that. There was this constant feeling when a character or something was introduced (such as the assassin's death claw) you had this feeling it was more significant and was a bigger part of the plot than you thought but it never seemed to go beyond what it actually was, at least thirty minutes of the is devoted to scenes that lead no wear.
The acting I thought was very good as the actors put effort into their characters, even the bad guys weren't just two dimensional lackeys, they had goals that they wanted and mostly seemed to despise their master (which isn't atypical of fantasy usually) I really got into the characters and certaintly cared what happened to them. As much as the actors are the ones you see in movies the make-up and costume designers deserve a big hand here. With Goblins and Vampire-Elves running around everywhere there was a lot to keep straight. The clothing didn't look like perfect costumes either, they looked worn in and ratty and they continuity for it was very good.
And as for the sword fights they came off a hundred percent better than the high budget "Conan" film did. As well the effects for the numerous dragons wasn't exactly Harry Potter standards but certaintly better than most tv productions.
Overall, I'd recommend it, as much as it comes off as cheesy its a good watch and worth a couple hours if you like fantasy.