It works well when you're in the mood for some quick and light Disney. While a few of Disney's animated titles have offered fairly mediocre pictures, most have been real winners, and FAFF falls firmly into the latter category. Sharpness almost always seems very clean and well-defined, with only a smattering of slightly soft images to mar the presentation. Moir effects and jagged edges do not appear at all, as far as I could see. The print itself looks marvelously clean for such an old film - or for a new one, honestly.
Colors are less consistent.
For most of the animated material, they seem lovely, with rich hues that look properly saturated and bright. However, the hues during the live-action scenes are much worse. Black levels and shadow detail are also somewhat inconsistent, but not to a similar degree. Blacks generally appear nicely deep and rich, but on occasion they can seem somewhat gray. Shadow detail also usually looks appropriately dense, but at times, it could be a little overly opaque.