Great, at the second watching I saw this at the cinema when it was released and thought it disappointing. Like others, I remembered my love for the HG Wells novel, and the brilliant 1960 George Pal interpretation. But, 8 years on, I watched it again on TV and was much more impressed. There was a lot more homage to Wells and Pal than I detected the first time,even a cameo by Alan Young who was so good as Philby back then, and the performances and effects now seemed super too.
Jeremy Irons is always great, but this was might actually be his finest achievement - not the makeup, certainly, but the way he turned a rather hokey role into a masterful requiem for the human race. No other living actor could have done as well and this time around I found it very moving. Samantha Mumba spoke for humanity in an entirely different way, and almost made me forget how fetching Yvette Mimeux was in 1960. Guy Pierce I felt wasn't right; maybe it was just that he reminds me too much of Cliff Richard, or perhaps it was the fact that Rod Taylor was so perfect in the role.
The plot was fairly true to Wells in spirit, except for the contrived ending with no scientific or even pseudo-scientific basis for the way jamming the machine produced a convenient time warp that wipes out the Morlocks. I'm not usually so fickle, but what would have been a 2 or 3 rating eight years ago is now an 8 for me. Mind, you, much of the credit goes to Wells, the greatest visionary the world has ever known.