I can easily see why this was a hit with western audiences at the time of it's release, and is considered a classic masterpiece. The story is very reminiscent of some favorite western fantasy films being released around the time (DragonHeart being a personal favorite of mine), as well as having all the characteristics of a Wuxia production.

The story is simple but action-filled. The motivations for the conflicts went beyond greed - instead erring towards the desire for a better future and justice for the past. It allowed the characters to have ample depth. Even when you were wholeheartedly against them, you could understand where they were coming from. And the action sequences were gorgeously choreographed and told stories beyond just "this is the characters fighting." There were some things that were not explained, as they would in several modern wuxia dramas, but it didn't make the story hard to understand. I wish modern wuxias would do similar, so that we are not bogged down by explanations, world-building monologues, and character introductions all at once.

Even the ending was well-done. It was very true to the story being told. And the one unanswered question being left open like it was makes it a perfect ending for divided watchers.

It's a perfect starter wuxia. A classic if you will. That even long-standing fans may go back to for the actor performances and exquisite fighting sequences (which are numerous).

The only reason why this didn't get a 10 from me is because of the lack of one subplot that deserved a few more minutes of attention.