At this point, who doesn't know the story of Peter Pan? Maybe those suffering from Helen Keller-like handicaps. But for most of us, it is more than familiar, having countless incarnations. So, do we really need another one? Only if it's very well done. Fortunately, this one is.
Rachel Hurd-Wood is the real discovery here. She plays Wendy as a girl torn between her desire for childhood adventure and her need to grow up. She's a terrific foil for the immature Peter, also well played by Jeremy Sumpter. Jason Isaacs tackles the role of one of fiction's most famous villains, Capt. Hook, and does fine. He also plays Wendy's father, though it's unclear what director P.J. Hogan is trying to say with that.
The film does best when it puts a new spin on the old story. Hogan, who co-wrote the screenplay with Michael Goldenberg, has painted a somewhat different picture of Neverland than we're used to. It's still a wondrous place, but it has a dark side, best illustrated when Peter takes Wendy to see the creepy and mysterious mermaids. "Don't get too close," Peter warns, "or they'll pull you in." Those small touches of darkness make the story far more gripping than previous versions.
Kids will probably enjoy the film's quick pace, vibrant colors, and steady action. But whether or not adults enjoy it will probably depend on whether they're willing to see yet another Pan. If they are, this is one of the best.