I just saw it at a midnight session here in Sydney.
I'd give it 7.5 out of 10.
It is better than Phantom Menace...kinda. I won't say too much because I don't want to ruin it for people.
One thing I will say is this. The saber fight in it sucks compared to Phantom Menace. I hear Lucas severely edited it
On the positive side, I think Hayden Cristensen does a great job covering the wide range of emotions Anakin has to portray in the film.