Being a big fan of the books and the author's work, I have seen most of the film adaptations made of the Alice books (and yes, there were two), and this is one of the better adaptations, and certainly a wonderful film.
Filled with famous faces and some wonderful sets, it may not be 100% like the book, but I won't have a word against this film anyway. The writers make the same mistake of mixing the two books together (understandable), and throw in a few new morals and themes (stage fright, mostly), but it's still great. Folks like Gene Wilder, Pete Postlethwaite, Christopher Lloyd, Robbie Coltrane, Whoopi Goldberg, Ben Kingsley, Martin Short and others make their own contribution to this magical TV production.
The whole thing was an honest live action work that made a decent effort to correct what Disney messed up. Now, be fair, the animation was wonderful (very), but a terrible adaptation. So applaud yourselves, Halmi & Halmi (and everyone else, esp. Richard Hartley for music). You did a great job. And readers pick up a copy of the DVD, it's a great movie.