Stunning visuals? Check. Endearing characters? Check. Magical land whose discovery is the dream of every little boy and girl? Check. Morality play between good and evil? Check.
In spite of all these things, there is a certain je ne se quoi whose absence stands in the way of considering Chronicles a must-watch movie. The presence of the lion, majestic though he is, somehow doesn't fit in that well with the rest of the characters. I also feel that the movie would have been better served if the witch's character had been played by someone like Glenn Close (a la Cruella de Ville). In the final reckoning, the movie neither belongs to the LOTR genre (although the witch's minions remind one of orcs -- especially in the scene in which the lion is 'sacrificed') nor is it an out-and-out children's fairy tale.