Oh god, I saw this film against my better judgment. I would blame my sister, since she guilt-tripped me into going, but she ended up hating it more than I did (to the point that she wanted to walk out, but I hate doing that so we sat it out) so I think she got her fair punishment.
Anyway, this was the most hilariously terrible film I've seen in a while! I actually laughed through about 70% of it because (1) Charlize was a large ham extraordinaire, and not in a good way, (2) many, if not most, of the plot elements were illogical, (3) there were a LOT of drawn-out close-up shots of both the albino guy with the Lord Fauntleroy haircut and the dwarf with cataracts, which were very funny, (4) there were a lot of stolen homage shots from other films, making it kind of like a fantasy genre parody, and (5) the forest fairies looked like Gollum mixed with the Ferngully characters. The other 30% of the film was made up of boring scenes involving one or other character traipsing around in the woods.
In short, it was bad, but it did make me laugh. It was a true exercise in absurdity.