Just watched it last night and...
It could have been so much better. I feel like it had a good story and decent writing....but....it really needed more time, I would say an extra hour (I saw it on TV so there were commercials). I think a good 2hrs run time would give you time to slow the story down.
MAJOR Spoilers
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I feel like the rate at which characters died off was so rushed, and the ending seemed like a cop out. He just gets a ray of light?? I mean come on. I would like to have a pillar of light come down on him and give him some really nice divine armor and weapon/s. This could be an amazing battle scene as the fallen paladin turned blackgaurd regains his honor as the light of Pelor fills him. Instead, we get a glowing pendant that just blasts everything in a quick 5 min end battle scene. I feel like with the extra time, the characters could have been spread out, we could have had a few more good battle scenes, or at least character building. The FX were suprisingly good for a SyFy movie.