Among my top 10 movies of all time. There's so much to hate about it, but it's hard to find a movie so atmospheric as Excalibur.
Sad fact though: As lacking as it was in script and acting, no Arthurian legend film has however surpassed it. It's been 36 years for pete's sake! The British independent cinema has been on the rise for well over a decade. It was about time, no? Especially since we know we definitely can't count on Hollywood to make anything worthwhile.
EDIT:
Also, geek@02, you may like The Sword in the Stone. Perhaps the best animated version of the legend: The Sword in the Stone (1963) - IMDb