I personally loved the movie. The only problem that I had was that there was a stage production of it near where I live about a year before the movie was released that I happened to see, and I have to say the play is better. That said I still love the movie.
As for the gore factor, it's not actually all that gory. We get some slit jugulars and corroded arteries, but there's much worse out there nowadays(looks at District 9[another great movie]). Also, it wasn't like it was "realistic" gore, it was more...operatic I wanna say...than anything. The first time I saw the blood it reminded me of Monty Python and the Holy Grail.
Also, it was nice to see Sna- er...Alan Rickman sing.
Music was wonderful, and speaking of that, does anybody know where I can get a nice download of the score, Pirate Bay seems to be terribly lacking in that department(for those oppossed to the whole "pirating" thing, nobody is officially selling the soundtrack, I believe, so nobody's really losing any money in this situation, are they?).
Notice how I avoided mentioning the whole Tim Burton, Johnny Depp, Helena Bonham Carter triangle thing(which worked great until Burton's Alice in Wonderland).