Good movie. Not OMGAWESOME but good.
Don't examine this movie too closely. It's not God's gift to cinema, and there are many many flaws beneath the shiny coat.
But, and this is a really big but, yes it was good. Not award winning good. Not greatest thing since sliced bread good. Good in the sense of not bad, as opposed to great.
The scale goes something like this:
OMGAWESOME —> Awesome —> Incredible —> Great —> Good —> Average —> Mediocre —> Bad —> Horrible —> Twilight (I'm sorry, I couldn't resist).
Good acting. Depp never fails to deliver, even if the characters he plays don't always make the most sense. Armie Hammer did a very good job as a heroic law-bringing person of bringing the law. If you had told me that guy in the bank scene from The Dark Knight (William Fichtner) was set to be the bad guy, I'd have laughed in your face, but Butch Cavendish was a very good (very bad?) villain.
I liked the humor. "Kemosabe" meaning "wrong brother". Still makes me laugh. And the thing at the end; "Never do that again!" killed me.
Good action (though I did notice that they were firing an awful lot of bullets for one or two six shooters...but no matter.)
A good story. Not gonna win any points for originality, but for what it was, it was good.
The music at the end was epic (for an in no way technically accurate definition of "epic") and quite appropriate. I rate it awesome. Others might say otherwise.
The...I don't know what it's called. Some kind of device. The thing where the whole thing is actually Tonto telling a story to some kid in the future is really weird. I don't know what to make of it.
On the subject of Depp being cast as a Native American character, I will bet you any amount of money that if this film had been a blockbuster most people would not give two hoots about it. While it stands to reason that there must be at least a few people out there who legitimately object, and more power to them (even if I don't understand it), I wouldn't be particularly surprised if most of the furor was because people are butthurt that Depp didn't make the movie a cash cow and are looking for excuses to bash it.