I found a used copy for $3.00 a month or so ago. Mrs. G and I watched it last night.
It was very good. I haven't read the book in about twenty years so I didn't notice all the differences between it and the movie. But I thought they did as good a job as could be expected adapting a twelve issue miniseries into a two hour film. Hugo Weaving and Stephen Rea turned in very good performances (Weaving actually succeeded in emoting through the mask; no small feat). Portman didn't screw up her accent too often.
If there was a flaw it was trying to make the whole "George Bush 9/11" thing so heavy handed. I get it. You're Hollywood. You hate the guy. Take it down a notch. Even that, however, was diminished a bit by the fact the film took place in a futuristic England and not the U.S.
Overall, I'd watch it again. In fact, I liked it better than the book which I always found a little too amateurish and pedantic (not suprising I guess given it was actually one of Moore's earlier works).