Jumbo Shrimp

It's not bad, but it's borderline forgettable and hollow. I'm hard-pressed to recall an instance of seeing a weaker story told with less conviction. All the ingredients are there. We're introduced to this big cast of colorful characters, and the half that aren't lost on how to play their parts only get maybe 5 full minutes of characterization out of the entire runtime. So, when our merry band of misfits all rally together to save the day, all I can think is, "and you guys are...?" 
The art direction is rock solid and the score is beautiful, but the story bites off more than it can chew in an attempt to pad out the plot of the original, which has now been reduced to a 20-minute abridgment serving as the opening act. The rest is equally hurried and scattered, as though bored with its own concept which at times feels borrowed from other movies. The pink elephants do make an appearance, but I doubt it will be long before we seen side-by-side screencaps of it and the opera scene from Revenge of the Sith. 
Of all the forthcoming live-action/realistic CG versions of Disney classics coming out this year, this was the one I was most looking forward to because it seemed like it was going to offer more than a scene-by-scene reenactment of the source material. Technically, I got what I wanted, using the original premise as a jumping-off point to tell a bigger story. Unfortunately, that bigger story is so thinly-spread and half-hearted in execution even the finale feels like padding, all half-finished ideas and tired platitudes. 

Full disclosure: "Baby Mine" still makes me cry.