Well, I watched the entire 3-night, 6-hour SciFi Channel mini-series, Tin Man. A much darker and more serious (no singing!) action/adventure story based on The Wizard of Oz.
http://www.imdb.com/title/tt0910812/
I really liked it, and thought they did a great job. Good ensemble cast, great visual effects, even several playful homages to the original. I also think it was a very brave project, knowing it would be compared to such an iconic classic. The twists they presented on the story elements of the original were very clever at times.
BTW, my brother and I kept quoting lines from the original during the whole thing (I mean, how can you not?), but even with that we both enjoyed it.
If you missed it, I'm sure they're going to show it again before too long...