Saw it last night, was looking forward to it, didn't expect much as reviews had been mainly poor, but as much as I wanted to like it.... I thought it was utter rubbish, barely anything going for it at all. The kracken was good, what could be seen of it, but that was it.... Except Fiennes' impression of Baron Silas Greenback, that was good!
Look forward to seeing the original again soon, a far, far better film, it may have had some dodgy FX (I am a life long Harryhausen fan mind you, but consider the original CotT one of his lesser efforts) but it was tonnes better than this soul-less pile of dross, at least it had honest characters that you actually connected with and cared about, and as for Calibos.... the original cannot be beaten for that guy!