When I saw it I got the weird feeling that I was seeing a story that had largely been cut & pasted from other movies especially from Willow (many scenes & elements, including Snow White's step mother reminding me of Queen Bavmorda, and the Huntsman seeming to me to be based on Madmartigan, just less of a rake to give him a tragic love back story instead), but also from Avatar (the surreal forest and if the fairy critters had been taller than humans rather than tiny as well as blue, but then if the Avatar trees were shrunk to Earth size and the Avatar beings shrank to fit in as well they'd be about the same size), Legend (particularly the scene of Lilly touching the unicorn and then Jack communicating for the other unicorn on how to save the world from eternal night), and Princess Mononoke (that WAS the Forest Spirit! And remember how he walked over the water to the island and how in one scene he was also shot, and those fairies kinda remind me of those tiny spirits that showed up around the Forest Spirit, too).
I went to see it with a 14-year-old who had only seen Avatar (years ago) so she couldn't really say. She did say the scene where the evil queen's brother admitted to watching Snow White (played by the same actress who plays Bella in Twilight) sleep it kinda reminded her of Twilight. Not enough to be a “cut and paste” scene but it still crossed her mind.
We both thought it was ok for a one time viewing for minor reasons. In her case she was curious what Kristen Stewart was like in this movie and Chris Hemsworth is just good eye candy. And I think peer pressure played a par as she knows enough of her other friends are going to see it, too. As for me I not only like a few scenes and enjoyed some of the comments ("that's the mushrooms") but I very much liked one revision. See in the Disney animated movie Snow White totally freaks out in the woods and I just can't stand that scene, I cringe every time I see it, so I did like where this flick gave a good reason for her to do that (and not all that dissimilar to a fic I did years ago of Snow White eating hallucinogenic berries and then repeating the cringe-worthy scene from Disney).