I liked the film.
You aren't going to get a more aesthetic movie than this: the actors (wow, Antonio and Catherine Zeta both in the same movie -- Anjelina & Brad, eat your hearts out -- no contest!), the costumes, the lighting, the villa and townscapes, and the sheer beauty of the location, day and night.
Antonio looks a little more "mature" than I've seen him in awhile, but he's no less smoldering and charming on the screen. He's a natural for playing Zorro. The athleticism of Zorro is pretty impressive too. Lots of leaps, flips, and creative uses of his whip.
Catherine-Zeta is breathtakingly beautiful, as always. Those eyes of hers... It's enjoyable to see her in a maternal role. I love her costumes! It's good to see her multi-tasking.
Their son, Joaquim, is outstanding. Child stars usually make me gag, but this kid has genuine talent, and the person(s) filming and editing have admirably captured it.
The main bad guy (the one with the mansion) is intriguing as well. Not sure who he is but I hope to see more of him.
The other villain is, plain and simple, unidimensional, which is typical of adventure type movies. No surprises there. The way he meets his end is creative.
The Horse. Wow.
The political framework of the plot worked well for the movie.
If you're looking for a movie that entertains while being pleasing to the eye, check it out.