Was just about to update the old thread and noticed this thread.
To say I am looking forward to this is an understatement. I loved the books, but for me, the film was let down. As Rroff said; they got the look of the world right, but they didn't understand the material.
I have seen some comments from people who read the books and also liked the film though, so not all readers of the books found the film to be below par.
The Golden Compass reminds of the Ghost in the Shell film somewhat; that also got the look right and captured elements from the 1995 anime, but didn't understand what made the source so material so good. Both were fancy looking but pretty hollow. I suppose it wouldn't be Hollywood though, if they didn't take a source material, make something visually fantastic from it, but miss the point of the story.