This is not one of the best Bond films, but also not one of the worst. I have to admit I liked it a lot more when I first saw it years ago and find that it has not aged all that well. Its a good introduction for the Roger Moore Bonds though. It gives you a good idea of the direction the series will be taking.
The book was great so the fact that this movie more closely resembles it was a welcome suprise. However, the original movie is an all-time family favorite so this one paled by comparison.