The Golden Compass is excellent.
I'm also very surprised that it made it to the screen at all, considering the subject matter
His Dark Materials deals with. I chalk this up a definite score for our side. ;)
I hope it's successful, as I think our mass culture could use more from where this came from. A lot more.
Go see it. Take your kids (or someone else's kids) to see it. They'll probably thank you for it sometime in the future.