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This HP film is by far and away the best one to date. It's a two and a half hour rollercoaster ride from start to finish and is to be highly recommended.
I am biased in that I love the books, but was very disapointed by the first two films in a massive way. In fact I didn't bother going to see the third one on the basis that I hated the first two so much. However I did see it at home and loved it, and was pleasantly proven wrong.
This film version is difficult to fault. The kids have come on in leaps and bounds in term of acting, the story is really entertaining and very dark. Voldemort makes a definitive appearance and is brilliantly portrayed by Ralph Fiennes, and the story has really begun to take off.
I think one of the best endorsements of this film is that people who have had no interest in the books or previous films have really enjoyed it. One caveat is that in my opinion this is not a film for little children. It's dark, it's violent and I jumped out my skin once or twice, despite the fact I knew what was coming!