Good movie, I enjoy the story. It has a great background story too.
Spoiler:
Finally a princess that doesn't need to be rescued.
I was laughing so hard when the knights trying to flirt with her and got shot down by her wit.
She's so awesome.
She even manage to break free of the spell on her own without using the ring's magic. That was really cool. ^^
They didn't explain what hapen to the old magic tho, but I guess it wasn't really the point of the story.