Well it is a bit bloated in some places... Neverland looks like sets with too many extras.
Some of Spielberg's magic is in the film though. Things I like:
- The idea that Granny Wendy could be the inspiration for the girl Wendy gives her is enough of an interesting mistique, but the idea that she actually IS Wendy is even more interesting. Spielberg knows how to play this subtlety.
- The house in London is strangely evocative. classic Spielberg is the way he filmed the return of the parents to see all the Hook-scrawlings on the wall.
- I loved Tootles. My favorite moment is his listening to the dog barking and say "Hook - Hook!"
- Maybe it's the music, but the scene where the quiet Lost Boy examines Peter's face is just awesome