I love this film! After being released on Blu Ray, I gave it another watch with my nieces. The story is well crafted and entertaining. The songs still get me into chef mode singing "he h e he, ha ha ha!" Overall, it is a Disney classic that is pretty safe for all ages and children love.
Parent's note: Ursula can get a little scary to some little kids. One of my nieces (she's 3) got a little frightened by her and her eels during "Poor Unfortunate Souls," but those moments quickly passed and the rest of the show is very appropriate. Definitely worth the watch and a spot in my movie collection.