It is very good. Though masterpiece is going a little too far.
Jackson's films are always full of imagination and King Kong is no exception. Just look at all the creatures on the island. The film oozes charm and Jackson is always creative with his set pieces, whether it be splatter comedy like Braindead or the blockbuster adventure we have here. There was a great build up and the period setting made it so much more interesting than the standard monster movies we get these days.
The film does get it's fair share of party poopers. Which is odd because it was critically adored on release. And I'm guessing their main gripe is the CGI. And fair enough, it is often pretty damn bad. It often looks unfinished. But I've always gone by the mantra that if the film is charming, likable and creative enough I will excuse bad CGI. I'm swept up in the film enough that it doesn't pull me out. And I felt that was the case here.
But still, we do need to be sparing with the use of the word 'masterpiece'.
Respectfully, I agree somewhat. The CGI wasn't really that bad. The look was convincing. The problem - as I saw it - was that there was entirely TOO MUCH of it. The bronto stampede? WAY too long. T-Rex trapeze act? WAY too long. Skating in Christmas wonderland? What the hell was that about? Completely unnecessary and out of place. Anne escaping from one new creature to the next? How the hell long did THAT go on? This was less of a succession of scenes and more of a show and tell of "LOOK WHAT WE CAN DO". This could have been a perfect movie with so much removed and no other changes to what remained.
This version was too long, boring, and full of really crappy CGI. Anyone who actually thinks it's a masterpiece can't be more than eight years old, at least not mentally.
The 1930s "King Kong" was sufficient; the subsequent ones have been unnecessary, and haven't been very good. They should really stop making "King Kong" movies.