This movie is really great! Great directing, photography (just watch the scenes in Iceland), sets, score (get the double-cd release of the scores for both films on Cobra Records if you are fond of this score), acting (I can't take my eyes of Karin Dor as Brünhild...) and script (I love the way they changed the story to address some of the ambiguities of the material, like the reason why Siegfried and Brünhild already know each other, but still retain the feeling of the original Nibelungenlied) make this movie together with it's second part "Kriemhilds Rache" a masterpiece. But avoid the version that cut together the two parts "Siegfried" and "Kriemhilds Rache" to "Das Schwert der Nibelungen" aka "Those who carry the seed of destruction" (or something like that), it really doesn't show this masterpiece in all it's glory, and might give you the wrong ideas about this two movies. These are two movies just screaming for a DVD release!