Not as good as the Disney animated version, but much superior to both the Jeff Goldblum and Johnny Depp versions. What makes any live action adaptation of Washington Irving's classic is the choice of Ichabod Crane (The Disney version is judged based on it's narrator, Bing Crosby, who's self-mocking "hip" style, carries the story). Certainly Brent Carver dominates this role from the start when we see him perched upon a hill looking like a scarecrow, it is a startling shot by the director. In the early TV film version, Jeff Goldblum certainly looked the part, but he was too dull. In Tim Burton's spoofy version Johnny Depp (a favorite of mine, especially in Tim Burton films) is just poorly cast (as was Wednesday Adams as Katrina, give me a break puleeeze!). This version is the closest to capturing the flavor of the classic short story. If you want to see Disney's Sleepy Hollow or Tim Burton's Sleepy Hollow then the choice is obvious, however, if you want to see Washington Irving's Sleepy Hollow check out this obscure cable channel version.
Review of The Legend of Sleepy Hollow
