Well, I am delighted to hear a rumor that this may finally be issued on DVD. When that will happen, I don't know, but I will grab it when it's released.
In my humble opinion, this is Errol Flynn's most entertaining film, especially when "Gentleman Jim" Corbett's ring career begins in the film. Then it goes from a good film to a great one.
Few people could play arrogant men and still come off as a likable good guy as well as Flynn could and this film is a perfect example of that. Reportedly, this was Flynn's favorite role and I believe that. You can just sense how much fun he was having here. Ward Bond also looks like he was really enjoying his role playing the famous John L. Sullivan. Bond, too, was never better.
There is just the right amount of action boxing scenes in here and they are pretty well done, too. Corbett's family is fun to watch, too, as they carry on in the stands during Jim's matches. Out of the arena, Corbett's family's constant arguments and yelling can get a little too loud and annoying but they set the stage for a fitting conclusion.
And speaking of the conclusion, Sullivan's speech to Corbett after the big fight is very touching and the highlight of the film. Some mean-spirited critics (Variety, for example) didn't like that ending nor the fact that much of the film is fictionalized but - duh - most films are fictionalized, like it or not. And, in this case, it made for a nice story and nice ending. (In real life, Corbett was a very soft-spoken true gentleman, not anything like Flynn's portrayal, but Flynn still make him a good guy.)
This is one of the more entertaining classic films I have ever watched and I eagerly wait for the DVD.

The thing viewers will remember most is the bad headache the movie has given them due to the overly flashy, shaky, camera-work and the fast, confusing cutting. I am not against those kind of stylistic devices if they are done right like Oliver Stone and Steven Soderbergh proof with most of their movies, but in this case there was WAY too much. It seems like the jump-cuts and light flashes that accompanied every flight over Mexico city and every important scene were there to distract you from realizing that the story is quite thin and the whole thing was very predictable. The biggest disappointment lies in the fact that you can easily figure out how the whole thing is going to end. For a movie that pretends to be violent, ruthless and morally corrupt it is inexcusable that it's story has been told so many times and with a lot more depth and character development. That is another disappointing aspect of the movie. If I want to watch an over the top action flick I do not need any justification, but this movie tried to justify the killing spree of Denzel Washington's character and poorly failed in delivering any believable performances. The first half hour or so nothing much happens except that dumb archetypes and clichés are portrayed and when the action machine starts rolling it is so quickly cut that you do not know what really happens. So the movie does not work either on the level of a believable drama/thriller , nor as a pure action movie. Of course the movie is not as bad as some oft the totally messed up blockbusters of the last years, but I absolutely cannot understand why so many people claim this movie to be something fresh and so cool. For a video clip it is way too long and for a movie it has too little substance.