This a movie for Star Wars fans. I've been watching the so-called reviews on TV and I have to say that the critics obviously know jack about Star Wars.
To truly appreciate "The Phantom Menace," you have to be a big Star Wars fan. It answers so many questions that fans have wanted to know.
If this movie was just another movie, granted it would be too flashy and lacking for people, but because this movie is for Star Wars fans it kicks so much ass.
For me (a big Star Wars fan) it was worth watching at 4 o'clock in the morning on May 19th. It's interesting to watch Palpatine manipulate the Republic and the Trade Federation so he can satisfy his hunger for power.
"The Phantom Menace" is not about the Naboo war, it is about the beginnings of Anakin, Obi-Wan and the Emperor (Darth Sidious). The Naboo war is only a useful tool to further Darth Sidious'/Palpatine's goals.