Disappointing
Peter Pan and Tinkerbell are completely unlikable, Wendy is an alright character but John and Michael aren't interesting in the slightest, and neither are any of the Lost Boys. Hook and his pirate crew are rather pathetic as villains and never come across as if they pose any legitimate threat (barring the scene where Hook is able to persuade Tinkerbell to assist his scheme which shows he has at least a bit of cunning, and the subsequent "promise" kept).
None of the songs included are particularly good, or memorable. I think a large part of the reason this movie has an enduring reputation is because of the Disney branding and it's banner as a part of the Disney Vault Classics. Then again, it's a kids movie and maybe I had to see it as such but it's disappointing when other Disney classics hold up for adult viewers, as well as children.