It was pretty much exactly as I recall. Fun beginning and end, but the whole part in the middle could be dropped. Basically any scene without Frank Langella needs to be dropped. Such a harmonious blend of good acting and writing! He really did have all the best lines (and capitalized on them fully).
What we need now is a collaborative film with Frank Langella, Ian McKellan, Ian McDiarmid, and Christopher Lee. All four as dignified, scheming, dramatic bad guys. And we've got to do this soon! They're not getting any younger. If that was done well, I would buy two copies of the DVD just to support the filmmakers. It doesn't even matter who the good guys are (throw in Harrison Ford as Indy or something). :)