I had been forced to see a huge hypes bombing all over the places in Beijing, and according to all the news reports there were no any direct critical voices. And after I did watch the movie, it turned to be a huge disappointment and I doubt if the criticism has been banned by media for commercial and Golden Awards reasons?
YES, it is a BAD film. Story is simple and seems wanted to tell something but you may still have to have a script or novel in details on-hand to be able to understand what the earth the director Chen wants to talk about through such dull story(or I doubt if he have the ability to tell in this movie). As the casting stars are mainly not native Mandarin speakers (apart from Liu Ye)and have sort of facetious accent,It is rather making native Mandarin speakers such as me feel upset.It is not an important consideration for non-Chinese speaker but I got to let everybody aware that-- The dialogues in the film is rather awkward and afflictive and It is a film that can be ruined by the accents indeed.
And in terms of CG part, it is really so-so compared with the pre-declaration that it was gonna be "a Chinese Lord of the rings" movie--Anyhow I don't think anybody will dare to allege that again after watching it. For instance, I still felt like watching a PC-game effects at the most costly scene when the thousands of uruses rushing in the valley at the start of the film.
And in terms of martial art part, it is just another application of "Gravity Zero" technics popularised by Hong Kong movie industry.
As a director had ever made masterpieces such as "The Emperor and the Assassin" and "Farewell, My Concubine", Chen Kaige fails to make another remarkable movie ( comparably big investment is exceptional).