I love the concept. I love the backstory and I love the way the sorceror's all seem so unique and mysterious. It had some of the same cool mystique that Highlander had for me.
I even liked their explanation of magic and the way sorcery works.
I didn't really see any downsides at all. I am not always a fan of Nicholas Cage, but I liked him in this movie and I thought his character was really cool.
I saw The Last Airbender recently and really enjoyed it as well, though most of what I enjoyed about it was based on the cartoon's already-established storyline, but the movie was still very good and I would like to see more.
Of the two though, I thought Sorceror's Apprentice was much cooler.
